Replies to post #2437 on The Rising Influence of Rising Affluence

[DewDiligence]

…some economists also warn that higher food and energy prices do not necessarily trigger higher prices of goods and services.

Some economists are also imbeciles.

[bladerunner1717]

Jim Rogers on commodities


Q): So when you talk about this potential commodities boom, what industries in the United States would benefit, aside from the commodities producers themselves?

Rogers: Everybody who has second homes in Iowa would be rich because all the farmers are going to be stunningly rich. You want to buy a lake house, buy it in Iowa or Oklahoma. Don't buy it in Massachusetts. You know, the stockbrokers are going to be broke. Buy where the people are going be rich. Open yourself a chain of restaurants in the agriculture area or department stores or hotels. Anything that you want to do in an area where people are making lots of money, you'll make a lot of money, too... just because they're rich.

Certainly, [look at] the seed manufacturers and the tractor manufacturers, backhoe dealers, everybody who has anything to do with production of raw materials is going to get rich. I don't know if you've been to North or South Dakota recently - they can't fill the jobs. There are massive numbers of jobs. The places are booming no matter what you want to do.

Go there. And if you have half your wits, you'll make a lot of money.



Can't you just imagine Dew or Oakes moving to South Dakota? LOLOL


Bladerunner