In many ways travelling back to the U.S. these days feels like you're entering a third world country. America definitely had an early lead with allegedly important breakthroughs such as the computer, car, airplane, and internet, Asia has been far better at actually implementing new technology and ideas.
Dubai, arguably the world’s most liberal city, financially, is slowly and fitfully crawling out from its crisis, but is regaining its attractiveness to arguably the most speculative business people on earth, Wenzhou folks.
Just about everyone these days is following the decline of the ill-fated US dollar, including famed contrarian investor Jim Rogers, who believes that recent pessimism over the buck will lead, counter-intuitively, to a short-term dollar rally. Rogers, chairman of Rogers Holdings, says he has no idea when it will happen but he has increased his dollar holdings over the past few months just in case. “If the rally doesn’t come, and the dollar just keeps going down, then I’ll just have to panic and dump like everybody else,” Rogers told.
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