Jim Rogers Inflation is here
Jim Rogers : I do not pay much attention to any governments GDP figures ...first of all it's backward looking second of all they make them up they're always revised later , I know you have to report things on TV , but as an investor I do not pay any attention ....
I do pay attention to things like that because the Chinese have been raising interest rates they know they have an inflation problem ,they know that they have a real estate bubble in urban coastal areas and they're trying to deal with both ...that sort of things I watch , it is good what they are doing I think they can do other things as well , I wish in the United States and in the UK our governments will acknowledge that inflation is here and do something about it but ...you know the rest of that story ...
China has a blocked currency , they have been opening it up more and more in the past 5 years and so in the past year or two but that's part of the problem , they have all that money trapped in China cannot get out and so it got to go somewhere so it's going int the property market , if they open the currency up it will be good for China it will be good for the Chinese it will be good for the world it might prevent the property bubble which is taken place ....etc....
