Wednesday, June 26, 2013
Jim Rogers to Turkish Newspaper : Let's be prepared for low growth , the global economy will slow down further in the coming period
"Let's be prepared for low growth"
Rogers emphasizes the global financial outlook would be quite a challenging period ahead, "the global economy will slow down further in the coming period. Countries prepared to grow more slowly let. Fed's new monetary policy affected the whole world," he said.
BOJ President Haruhiko Kuroda recently, a record in the event of circumstances requiring further quantitative easing programs, reminding belirtiğini artırabileceklerini Rogers, stressed that the thought of Japan will continue to print money.
Indicating that the economic recovery is not possible to provide Rogers by printing money, the Fed releases after the appearance of the recovery is not good news for companies that are waiting in the next period, the company may face bankruptcy, told us more.
Responding to questions on the subject before, Finance and Private Sector Development Department of the World Bank East Asia and Pacific Region Director Tunc Tahsin vigilant about the effects of the decisions of the Fed, "they will have only a marginal influence in Turkey. System is not as risky as it is currently in Turkey," he said had used.
Translated summarily from the Turkish newspaper ekonomi : http://ekonomi.haber7.com/dunya-ekonomisi/haber/1042535-fed-turkiyeyi-degil-tum-dunyayi-etkiliyor
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