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, April 9, 2015

Zero Interest Rates encourages Reckless Borrowing




Jim Rogers : Well if I were a municipality, I’d be borrowing as much as I could, since its interest free. You could put it into an arbitrage, if nothing else. Why doesn’t Toronto, just borrow a lot of money, turn around and put it in government bonds? I don’t know, I suspect somewhere along the line, the Canadian politicians are going to change the rules. That’s the trick that politicians have done throughout history when things really go against the politicians, they just change the rules on you, in nearly every country in the world at some time in history.


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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