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 7, 2011

Hard Landing only in some sectors of the Chinese Economy

Jim Rogers : well they are going to have some parts of the Chinese economy that are going to have a hard landing , The Chinese for two years now have been tightening up , they've raised interest rates 6 times , they raised reserve requirements a dozen times , just recently they started loosing up a little bit , they are trying , they are trying to bring down the real estate they are trying to make real estate developers going bankrupt , so you are going to have a hard landing to use your terms in things like property in China , but other parts of the Chinese economy are going to continue to boom , water treatment agriculture ...so you are going to have sectors of the Chinese economy in serious problems but it is not the whole Chinese economy , it is not like it was here
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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