Thursday, January 22, 2009

Jim Rogers on Malaysia

From the Jim Rogers blog:

Blessed with natural resources, Malaysia is in a better position than most countries in the current economic environment, according to Jim Rogers.

The Malaysian economy is natural resource-based so you are in a better position than many countries. And therefore, your currency is better positioned than other currencies,” Rogers said at the Asian Financial Forum.

My main problem with Malaysia is that your politicians don’t seem to get it right. It’s a fabulous country and it should have a fantastic future. Get politicians who understand how the economy works and adapt and adjust. Malaysia should be and could be a wildly successful and rich country,” he commented.

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