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%.

Friday, August 6, 2010

Mohamed El-Erian possibility of deflation and a double-dip recession in America at 25 percent

Mohamed A. El- Erian, chief executive officer at Pacific Investment Management Co., estimated the possibility of deflation and a double-dip recession in America at 25 percent. there was a 25% chance of the US falling into a double-dip recession and deflation."The US is still able to avoid deflation. We do not think that deflation and double-dip is the baseline scenario, but we think it's a risk scenario," Mohamed El-Erian was reported as saying by Reuters.
meanwhile Nobel Prize-winning economist Joseph E. Stiglitz said the U.S. economy faces an “anemic recovery
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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