Legendary Investor Jim Rogers says that the FED is the biggest risk for the US economy in 2012 : "[The biggest risk for 2012] is probably the federal reserve in America because they do not know what they are doing , they are printing a lot and they do not seem to understand economics or finance or currencies or much of anything else except printing money " but according to Peter Schiff of Europac the biggest risk would be if the focus is all on us if Europe solves its problems " the biggest risk is that Europe solve its problems or at least postpone it and come up with a short term solution and then all the focus is on us , we have done all the wrong things so we have got a currency crisis we have a bond crisis that sends the dollar into a free-fall " he said
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%.
Friday, December 23, 2011
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 "