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Jim Rogers: Regulations in commodities market will send business overseas
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Friday, August 07, 2009
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By Daily Crux Editor Brandon Herrin:

Legendary commodities investor Jim Rogers says Treasury Secretary Tim Geithner's efforts to more tightly regulate commodities trading will push business overseas, where foreigners will "welcome it with open arms."

The main benefactor will be Asia...

"The three commodity exchanges in China are booming," Rogers said. "Dalian trades more soybean contracts than Chicago does already, and that's with a blocked currency, a closed market. Can you imagine what's going to happen if and when they open that market up to foreigners? It's going to explode."

Read full article...

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Topics: Jim Rogers | Government Stupidity | Commodities
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