JIM ROGERS

JIM ROGERS

Monday, March 12, 2012

El-Erian on the Markets - CNBC 12 March 2012

El-Erian on the Markets - CNBC 12 March 2012 : "We are living in a financial repression right now," says Mohamed El-Erian, PIMCO CEO & co-CIO "a lot depends on when you start the story. if you look at the last few months, yes, employment has been growing consistent with a 4% gdp print whereas the underlying gdp print didn't make it to 2% but if you go back further and start at the time of the great recession, that story doesn't hold any more, and the reason why is you've seen the economy as a whole do what the financial sector used to do, which is at the first sign of a slowdown, you manage very aggressively your cost side, and then coming out, you realize that you're too lean and you manage it the other way around, so i think what you're seeing is simply the economy as a whole getting an economic term more efficient but we get much more unemployment swings than we used to before" Mohamed El-Erian explains

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%.






Who is Jim Rogers ?

James "Jim" Rogers was born in Oct. 19, 1942 and grew up in Demopolis, Alabama .Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry 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%. They ran what is considered to be one of the first truly global macro hedge funds. . In 1964 he got his first job on Wall Street at Dominick & Dominick in the summer between high school and Yale University, that's how he got his first experience with stocks and bonds. He immediately fell in love with the job. After Oxford, he returned to the U.S. and joined the army in 1970 he returned to Wall Street, working again with Dominick & Dominick. That same year he joined Arnold S. Bleichroeder, where he met George Soros, and together founded the Quantum Fund. This has opened a new era of global macrotrading and inspired numerous imitations and spin-offs. In the book "Money Masters of Our Time," Jim Rogers writes about that time "the most important thing in my life was work. I did not do anything until I had completed my work." To emphasize this professional ethic , it is good to remember that he did not made any holiday for ten years. In 1980, Jim Rogers has decided to "retire" at 37 years. Since then he has spent much of his time traveling and supporting the causes of philanthropic and taking on many high profile roles in the media. However, he continues to be an active investor and media commentator

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 "