Saturday, February 6, 2016
Jim Rogers Dire Warning for Investors
Jim Rogers: Well I know that the bull market in bonds is coming to an end.What I expect to happen Ed is things are going to get difficult in the markets, the market is going to go down – whatever the number is – you pick the number, 13 percent, 17 percent…and the (Fed) central bank is going to panic, and as you know, they’re just bureaucrats and academics – they’re not very smart people. So they will panic, and they’ll lower interest rates or print more money…whatever they do, they’re going to try to come to the rescue of the bond markets, and bonds will rally, but that will probably be the last time, and stocks will rally, but that will probably be the last time, and then Ed, then the bear market in bonds resumes, and after a 35, 36 year hibernation, we’re all going to pay a horrible, horrible price. And the next time around, this is going to be much worse then 2008, because the debt is so, so so much higher.
You remember when Lehman Brothers disappeared? Well Lehman Brothers has been around since the 1850’s. Bear Stearns had been around since the 1920’s. - in midasletter.com
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