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%.

Wednesday, November 11, 2009

China Africa Forum -low interest loans and credit cancellation 10 Nov 09

Another China-Africa gathering has just concluded in Egypt. Beijing has promised generous loans to African nations, thus further strengthening its already growing presence in this continent. But what is really behind this increasing role? A selfish quest for energy? Or a long-term partnership?






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Al Jazeera Inside Story China Africa Beijing Andrew Leung Timothy Armitage Egypt Gamal Nkrumah oil

Roubini vs Rogers Gurus war on Commodities and assets bubble

Investor Jim Rogers successfully predicted a rally in commodities back in 1999. New York University economist Nouriel Roubini predicted the collapse of the housing market and financial meltdown back in 2006.
Now the two gurus are predicting each other to be incorrect. Rogers says Roubini’s forecasts for bubbles to pop in the gold and emerging-market stock markets is just wrong. “What bubble?” says Rogers, Bloomberg reported. “It’s clear Mr. Roubini hasn’t done his homework, yet again.”
Full article here>>>

Jim Rogers : Roubini is wrong there is no asset bubble

Jim Rogers Interview with Wall street cheat sheet November 10, 2009


Jim Rogers :"How can you talk about a bubble when assets such as silver are 70% below their all-time high? Same for coffee, sugar, cotton, natural gas, and many more. I have a problem talking about a bubble when assets are this depressed from their all-time highs.
A bubble is when assets are screaming to new highs everyday, everyone is talking about them, and everyone owns them. Right now, virtually no one owns commodities. So for Mr. Roubini to talk about a bubble in commodities defies comprehension. It proves he does not understand markets.
I am flabbergasted at Mr. Roubini’s comment about bubbles because there is not a single market in the world making all-time highs except Gold, US Government Bonds, Cocoa, and the Sri Lankan stock market. That’s hardly reason to call for a bubble. So, I am most perplexed about this alleged bubble which is out there.
If an asset rises 100% in one year, that’s a great year, but not necessarily a bubble. Look at oil. It’s up huge off the bottom but nowhere near its old highs. Look at Citigroup (C). The stock is up 3 or so times off the bottom."
Read Interview >>>>
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 "
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