Saturday, July 18, 2009

Singapore begins to find its way out of recession

Singapore begins to find its way out of recession

Jim Rogers who lives in Singapore is always bullish on Singapore economy and Asia in general....although Singapore economy was the first to go into recession tpoday Singapore's economy staged an unexpected comeback in the second quarter of this year as it grew at an annualised rate of 20 per cent.

The figures reflect a trend which suggests the global recession is starting to ease.
Singapore was the first Asian country to go into recession, and today announced the recession was over. An increase in manufacturing output and in GDP of a remarkable +24% upswing....

Al Jazeera's Harry Fawcett finds out if it's a sign that Singapore, and Asia, really are bouncing back from recession.Singapore's economy staged an unexpected comeback in the second quarter of this year as it grew at an annualised rate of 20 per cent.

The figures reflect a trend which suggests the global recession is starting to ease.

Al Jazeera's Harry Fawcett finds out if it's a sign that Singapore, and Asia, really are bouncing back from recession.
Category: News & Politics
Tags:
Al Jazeera's Harry Fawcett singapore asia economy recession global ease

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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

Mr. Jim Rogers is Independent Director at Xylem, Inc., a Member-American Section at Société de Chimie Industrielle, a Member-Executive Committee at Sequoyah Corp., a Member at The Business Roundtable, and a Member-Executive Committee Sequoyah Council at Boy Scouts of America.

He is on the Board of Directors at Xylem, Inc. and LORD Corp.

Mr. Rogers was previously employed as a Member by American Chemistry Council, Inc., President by United Way of Greater Kingsport, Executive Chairman by Eastman Chemical Co., Chairman & Chief Executive Officer by Eastman Ventures, Chief Financial Officer & Executive Vice President by Building Materials Corp. of America, Chief Financial Officer & Executive Vice President by GAF Corp., Executive Vice President-Finance by International Specialty Products, Inc., Treasurer by Amphenol Corp., Vice President-Finance by Morgan Guaranty Trust Company of New York, and Naval Aviator by United States Navy.

He also served on the board at Genencor International, Inc.

He received his undergraduate degree from the University of Virginia and an MBA from The Wharton School of the University of Pennsylvania.