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%.

Thursday, December 23, 2010

Jim Rogers still bullish on China despite a possible real estate bubble

Legendary investor Jim Rogers on China


Legendary investor Jim Rogers remains bullish on China saying despite a real estate bubble, there are 'better thing to come' for the country.
Jim Rogers : yes I am very optimistic about the future of China , my children speak mandarin , there will be set backs in china , do not worry Felicia there will be many problems in China , there is probably a real estate bubble in urban coastal real estate in China , but that's not china , here we had a huge real estate problem which took us down for many reasons because it was very pervasive that's not China , China has many other things going for , China got a huge saving saving rate , they save and invest 35% of their income , they work from Dawn to Dusk , they are the largest creditor nation in the world .......etc....

China cash patch too little, too late to stop Euro downward spiral

China says it will help struggling European economies combat their debt crisis. The offer came at an economic forum in Beijing. The EU is China's largest economic partner, but co-operation has been challenged by Europe's ailing financial health. Economist Marco Pietropoli says Beijing's support is not a permanent remedy for the bloc.

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 "
Related Posts Plugin for WordPress, Blogger...