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, December 28, 2011
2013 is definitely going to be a very bad year in the US
Legendary Investor Jim Rogers said in an interview with the Spanish magazine El Economista that 2013 is definitely going to be a very bad year in the US :"You´re definitely going to show big trouble ahead, and make sure you understand in the next few years you´re going to continue to see financial problems, and they´re going to be worse. The world had a problem in 2002, which was worse in 2008, in which the debt was so much higher. The next time around whether it´s 2012, or 13, or 14, I don´t know, it´s going to be much, much worse still but the amount of debt that´s very, very, very high. So the same as everybody the next time will be worse in America. America has had economic slowdown and recession every four to six years beginning with the republic, so we?re certainly overdue at the end of 2011, 12, 13, sometime. " Jim Rogers said "You know 2013 if we last, if we make it to 2013, 2013 is going to be worse. There´s an election in America in 2012. The government is going to extend as much money as it can to win the election, and the people who get that money are going to be better off because there´s a government throws billions of dollars out into the economy. Somebody´s got to get that money. But those people and their friends are going to be better off. But the overall situation continues to get worse because the debt goes higher and higher and higher, and the rest of us ultimately are going to be worse off. And certainly by 2013 when all of that extra spending for the election stops, 2013 is definitely going to be a very bad year in the U.S. and in the world." He added - via Eleconomista.es
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 "