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 23, 2011
China Slowdown is a Good Thing
Jim Rogers, CEO & Chairman of Rogers Holdings interviewed by CNBC says a slowdown in China's economy would be a good thing."China has been trying for two years to slow things down " Jim Rogers says " China raised interest rates 6 times , they raised reserve requirements 12 times in the last few months , they are doing their best to slow things down so it is finally working there is no surprise " he explains " it is a good thing of course it is a good thing they got inflation they got property boom they know they got to do it , but if they do not do it they'll have a collapse some day " he added " recessions and slowdowns are normal :"
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 "