Jim Rogers: It was a bubble in urban coastal real estate. But China, for the past three years, has been trying to pop that bubble. And the bubble has popped. You could certainly go down further, but I wouldn’t say there’s a bubble there now. Prices are coming down, transactions are coming down and people are losing money. I don’t know how long China will stay tough. I would hope they’d stay tough much longer, because they’ve got to kill inflation too. But if anybody thinks there’s a bubble in China, they haven’t been doing their homework. The bubble popped. Prices have come down and are continuing to come down. - in HardAssetsInvestor
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%.