China and India or Chindia as its been called both combined are nothing near the American economy hence cannot save the world economy , it won't replace the US as the world economic engine not in our life time anyways according to Jim Rogers despite the remarkable growth they have been enjoying ...
China and India will be the only two Asian economies that will register growth this year, believes Justin Wood, Southeast Asia director at Economist Intelligence Unit. But Wood & Jim Rogers, chairman of Rogers Holdings warn CNBC's Amanda Drury that both countries won't be able to save the world.
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%.
Wednesday, May 20, 2009
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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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