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%.

Thursday, January 30, 2014

Jim Rogers Predicts More Tapering in 2014



With the US economy showing signs of a recovery, do you expect more tapering announcements from the Federal Reserve?

Jim Rogers : The Federal Reserve will announce more tapering as the year goes ahead. I do not know the exact timing when they will start tapering again. The Federal Reserve thinks that the economy is doing better, and they can build some tapering. Eventually, the US markets and the world markets will go down a lot when the Federal Reserve gears up for tapering.
Remember the people in Fed are just bureaucrats and academicians, they do not know much about the real financial world. When markets start falling on tapering, the Fed will get scared and start printing more money. All this is bad for the global economy, as printing of money has never worked in the long term. - in ET Now





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%.
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 "
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