Jan. 16 2011 |China's economic importance should guarantee the yuan a greater global role in the coming years, believes Robert Minikin, senior FX strategist at Standard Chartered Bank. He shares his thoughts with CNBC's Bernard Lo.
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%.
Monday, January 17, 2011
China Booming Consumption Story
Jan. 16 2011 | China's booming consumerism is about to grow even faster thanks to economic restructuring. At the same time, the market is becoming more varied and rapid changing, even leading global trends in some ways. Cheng Lei reports.
China Targets Inflation
Jan. 17 2011 | "One of the main reasons why China did raise 50 basis points is President Hu Jintao's meeting with Barack Obama," Mario Singh, director training & education, FXPRIMUS.com. "I absolutelu wouldn't rule out a rate hike before Chinese New Year," he said.
Jim Rogers : I would rather own Real Assets than Shares
Jim Rogers :"...Well, I do not own shares in many places any more, including emerging markets. Most emerging markets got terribly over exploited. My way to participate what is going on is to own commodities because if the world economy gets better, commodities will do very well because of the shortages. If the world economy does not get better, I still want to own commodities because the government is going to print more money. It is a wrong thing to do printing money, but that is all they know. So whenever they print money, it is good for real assets. So either way, I would rather own commodities than shares because I do not know what is going to happen to the world economy and I do know many emerging markets have been very-very over exploited. ...."
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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 "