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, July 13, 2011

Mohamed El-Erian : Italy less worrisome than Greece


Mohamed El-Erian speaking to CNBC about the Italian debt situation and the European Debt in general , Weighing in on the markets and the crisis in Europe, with Mohamed El-Erian, Pimco co-CEO/CIO, who says there are still problems that have not been resolved yet.Europe is viewed as unable to deal with the debt El-Erian says , Italy is very different from Greece and Portugal it is less worrisome than Greece Ireland or Portugal , but this is about people worried about Europe's ability to deal with its debt , Italy debt is mostly owned by domestic banks , we may not get a fundamental contagion but we can get a technical contagion

Jim Rogers: The US Will Default, One Way or Another

Jim Rogers : we gonna default one way or the other but they may not call it a default , you can inflate your currency and pay people back with worthless money so it can happen , and these debt reduction talks are a sham as far as I am concerned we have been talking about this for thirty forty fifty years , thirty five years ago there was the Grace commission which said you got to stop it , and then they passed the Grand Rudman act they said we would not have a deficit spending anymore they just ignored it they continued their merry ways and they will again " in Fox Business News


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%.
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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