This is a country with enormous natural resources. It is self-sufficient in food, oil, water... these are enormously beneficial scenarios.Zell is also very bearish on the US dollar long term. He echoes some of the comments of PIMCO's Bill Gross earlier this week. Gross is straying away from Europe and the US, preferring countries with "higher yields and cleaner balance sheets," such as Canada, Australia, Mexico, and Brazil.
Meanwhile, Jim Rogers says, "The only areas of the world economy I see that are going to be dynamic are natural resources; farming is going to be one of the best professions of the next 10 or 20 or 30 years."
And just for fun, surfing bulldogs:
No comments:
Post a Comment