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%.

Friday, September 18, 2009

Canada is going to do better than the US

answering a question from China Int'l Business : Do you expect the crisis to continue for several years, or do you expect things to improve in the next one or two years? : Jim Rogers answered :
Different countries are going to fare differently. Anyone who’s got commodities is going to do well in this climate. Canada is going to do better than the US, Australia is going to do better than Belgium. I have no idea exactly when the crisis is going to end. Things are going to look better for a while: people see cheap prices, and then they go buy, and then other people see that people are buying and think ‘this is better’ so they join. Then it’s going to fall again. All the spending is going to lead to bigger problems down the road. The idea that you can solve a debt-based problem with more debt is mind-boggling. Source China Int'l Business CIB Sept 2009

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1 comment:

  1. Toronto Furniture RentalSeptember 19, 2009 at 12:55 PM

    Nice thought, first time I seen it somewhere. I think absolutely the same thing, more spending will just cause more problems in the long run. I expect another crisis like this one in about 20-25 years again. It's inevitable. The whole system of the world economies needs to be completely changed and redesigned to avoid this situation.

    Take care, Ella

    ReplyDelete

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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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