Private equity cycle to end badly, commodities expert warns

[mwk]

SYDNEY (MarketWatch) -- The debt-laden private equity market is headed for a shakeout and will exacerbate the pain from the next sharp downturn in world financial markets, commodities expert Jim Rogers said Monday.

With resources companies increasingly coming under the radar of cashed-up buyout firms, Rogers told journalists in Australia even the country's biggest companies, like global miner BHP Billiton PLC, could become targets.

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[Wizard]

That Guy is really good: After studying at Oxford, Rogers came back to the U.S. and joined the Army for a few years.In 1970, he joined Arnhold & S. Bleichroeder, where he met George Soros. That same year, Rogers and Soros founded the Quantum Fund. During the following 10 years the fund gained 3,365% according to Rogers ("from 12-31-1969 to 12-31-1980, the Soros Fund chalked up a gain of 3,365%") while the Dow Industrials advanced about 20%.

[org]

markets are in a giant megaphone topping pattern.due to end soon. falling wedge breakout ended fri.start to go short.illuminati will son laugh.see www.gold-eagle.com.or mahendraprophecy.com

[mwk]

I'm not a big fan of private equity - hope it doesn't start sniffing around the JSE for bargains in local resource companies.