JIM ROGERS

JIM ROGERS

Sunday, December 28, 2014

Inflation -- For those of us who shop, we know that prices are up



 Jim Rogers : The government has always said there is no inflation and when inflation comes up they change their accounting methods to show no inflation. For those of us who shop, we know that prices are up. Just look at your food bills, your education bills, your transportation bills, any bills. Prices are up. The government says they’re not. I have more confidence in John Williams’ (founder of shadowstats.com) numbers that the (Bureau of Labor Statistics). They both can’t be right but I know from my personal life and from people who write to me that the BLS is not right. If you look at how the BLS does its numbers, something like 22% is rental income. Now when [housing] prices were going through the roof, they said, “well rental prices aren’t going up because people are buying houses so there is no inflation,” then when housing prices collapsed they said rental prices are down. When 22% of your prices are based on rent, or rental equivalents, which they can jiggle with, their whole methodology [is questionable].





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 "