Jim Rogers : We already have QE3 ... Get out the Federal Reserve's balance sheet. You'll see that they've been pumping up – you can see unadjusted M2 is going through the roof. Look at their balance sheet. ... All sorts of assets are suddenly appearing on their balance sheet. Where did they come from? They didn't come from the Tooth Fairy; they came because they're in there buying in the market as fast as they. There IS QE3 already. They don't call it that but it's there. – in Reuters
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%.