Rogers Reports

Investor Jim Rogers of Rogers Holdings,who recently moved to Singapore,notes that real estate has been down in Asia,on account of Westeners not coming there as much as they had been.There was too much speculation in China,but China and Taiwan have the best markets now,while there is a slowdown in the U.K.,the Netherlands and Spain.The U.S. recession will be worse than expected,but he's been hearing about an oil bubble since it was 3.00 U.S. a barrel.There has been no major oil field discovery in 40 years.There is no production of commodities.Three billion people in Asia want to live as the West does,and now they're working very hard.They have huge ambition and drive.It's a world that used to exist in America and Europe.It's astonishing,Mr.Rogers observed.