Jim Rogers : "Politicians have delayed addressing the problem yet again,"
"It will come back in a few weeks or a few months and the world will still have the same problem, but this time only worse because the European Central Bank and other countries will be deeper in debt."
"Never in a million years did I expect them to impose a haircut of 50 percent; this shows at least somebody is starting to accept reality,"
"Greece is bankrupt, but others are too, and these haircuts will have to come back and be wider,"
"Most European countries are increasing their debt rather than decreasing their debt,"
. "Until that changes, the problems are going to continue, just as they will in the U.S." - in Investment Week.
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%.
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 "