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 14, 2011

Even if China collapses, its not the end of the world

Jim Rogers : Well, first of all, China is a third the size of the U.S. economy. Europe and America are 10 times the size of China. So even if China collapses, it’s not the end of the world and even if China booms, it’s not going to save the world. It’s important, it’s very important but it’s not the most important thing. China is trying to slow down and some parts of their economy are going to fail, collapse, they are going to have some bankruptcies. Europe is certainly extremely important, what’s going on there but Europe as a whole is in much better shape than we are. Europe as a whole is not a big debtor. The United States, as a whole, is the largest debtor nation in the history of the world and we’ve got states that are in trouble – Illinois, New York, California. Europe has states that are in trouble – Greece. You know the names as well as I do. No, America is the one we have to worry about the most. - in The Street Interview
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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 "
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