JIM ROGERS

JIM ROGERS

Friday, January 27, 2017

Jim Rogers : Trump Trade Wars will lead to Bankruptcy

in The Globe And Mail : Source


You’ve expressed some pessimism about the world, particularly the U.S.

Jim Rogers :  Every four to seven years since the beginning of the Republic, we’ve had economic turmoil. It has now been eight years since we had our last problem. We’re overdue. Mr. Trump has sworn trade wars with Mexico, China and a few others. If that happens, it’s all over. Trade wars have always led to bankruptcies—and often have led to wars, as well.

So where do you see the best opportunities now?


Jim Rogers : Agriculture has been a disaster for 30 years, but I’m very optimistic about it. There are many ways to invest: You can buy land, agricultural products, seed companies, fertilizer, tractor companies. Farmers are getting older, and in the U.S., more people study public relations than agriculture. Therein lies the opportunity: Either it’s going to get better, or we’re not going to have any food at any price.

I’m optimistic about Russia. The Kremlin now un- derstands that they have to play by the world’s rules.

I’m also short U.S. junk bonds, because interest rates will be going higher and we’ll have a worse economy. The central banks have tried to print more money, but the market is beginning to reject it, and inflation is coming back. There is going to be a lot more debt issued in the next few years, and more bonds means higher rates.



















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 "