Jim Rogers just gave some startling advice on the emerging markets. Listen up.

The financial show Boom Bust just aired an interview with investing legend Jim Rogers. His commentary runs in the clip below from 15:15 through 19:35.



Jim discussed the emerging markets with the most opportunity (15:55). His longtime darling markets Myanmar and (parts of) China were no surprise… but today his favorite two markets are North Korea and Russia.
Both countries are stellar examples of markets that have gone from "Bad to Less Bad." These markets are cheap, hated (or in North Korea’s case, locked), and in an uptrend. The U.S. government bans Americans from investing in North Korea, so Jim is most bullish on Russia today.
Jim also talks about the cause of the emerging market crisis--the U.S. Federal Reserve (17:35).  He notes Turkey, Indonesia, India, and Brazil have serious issues in their economies.  The Fed’s money printing and low interest rate environment has flooded cheap money into these markets.  That's covered up serious flaws in these countries’ economies. As the Fed tapers down its cash injections, these flaws will reveal themselves.

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