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 2, 2012
Jim Rogers outlook for Spain
Jim Rogers : And the next time America has a problem the world will have more of a problem, but the world doesn´t have many bullets left. I mean they cannot continue to increase the debt by staggering amounts of money which is just not possible, and we cannot print huge amounts of money anymore. So the next time around, Spain, Europe, America, the world, are all going to be badly affected with more bankruptcies. I don´t know exactly who, when or where. Spain is not in bad shape as some countries. Spain is in bad shape. They do have a new government which says they understand the problem and says they´re going to do something. Let's hope it does and then Spain will not go bankrupt. - in El Economista
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 "