JIM ROGERS BLOG is An Unofficial Tracking Blog of Global Investor Wall Street King and author Jim Rogers , his investments speeches interviews ideas and much more....
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
China have to decide next year whether to introduce another stimulus package to create much needed jobs , as the global financial crisis accelerated china decided to stimulate domestic demand with a 586 billion dollars spending package but there are concerns that some of that money went into propelling a stock market rally , The Shanghai Composite index have soared more than a 100% since its low in October last year ,property prices have also doubled , China also says its banks are targeting lending of $730 billion in 2009 that target have already been surpassed , banks have lend more than $1.1 trillion dollars in the first half of this year , despite the billions already spent officials are concerned that 3 million college graduate are yet to find job and that 23 million migrant workers have lost their jobs in late 2008 , Jim Rogers legendary investor commodities Guru and co founder of the Quantum fund from Singapore says "The Chinese stock market has doubled in the last 9 to 10 months , I do not like to jump on a train that's moving that fast so I am not getting involved , yet I see what the Chinese government is doing I see they are spending a lot of money and some of it is going into the market , so at the moment I am just watching , I have bought shares back in the collapse in the fall in October and November but nothing since " Jim Rogers refuses to call it a bubble " The Chinese market is still 50% bellow its all time high , it's hard to call it a bubble there is a lot of money being forced into the system but that's true all over the world Europe America ...everywhere The Chinese are spending their money more intelligently it seems than other countries , I would not call it a bubble yet , in a year 2 or 3 sure ! but not now "
Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
