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%.
Thursday, January 5, 2012
The Chinese economy is not just real estate and real estate speculation it is much broader than that
Jim Rogers : I do not know if it is a soft-landing. Some parts of the Chinese economy are going to collapse. China has been doing its best to cool off the real estate bubble and they are starting to work. So I suspect some parts are going to have a very hard landing. Other parts of the Chinese economy are going to boom. But when people do slowdown there will be some hard landing in some sectors. Of course this will affect the demand for everything especially copper, cement, and things like that. So I would certainly see a slowdown in China’s demand for building material; things which go into building infrastructure. But that is not the end of the Chinese economy. The economy is not like the one in America and the UK when essentially it was wrapped up in real estate and real estate speculation. The Chinese economy is much broader than that. - in ET Now
Labels:Jim Rogers China Real Estate
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 "