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%.

Thursday, July 15, 2010

Charles Nenner China at Risk of Greece-like Debt Crisis,

 Charles Nenner no double dip yet but US economy is rolling over , we slowly going to double dip "I hope it's going to stay a recession, any major problems will really get us into depression. I'm still very negative on the outcome of this big economic crisis "

Nenner believes that China risks a Greek-like debt crisis  "Most people do not know that you could have a Greece like crisis in China , well that sounds surprising , that problem in China and I really have this from people there high in the government that I work with , The problem is they gave out a lot of loans to farmer and the farmers are simply not paying back and  are  not into the way of thinking that they have to pay it back,so they will also be under water if they do not get their money back..." so despite the trillions of foreign reserves that the government of China has if the population continue not paying back their loans they are also going to be into trouble says Charles Nenner...

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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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