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, October 29, 2010
Jim Rogers: Inflation not Deflation down the road
Jim Rogers : ...you call it deflation but it's the stocks going down , that's not deflation , that's deflation of the stock market yes ....throughout history whenever you have gigantic amount of paper money created it's led to inflation down the road ....sure things are going down now because of forced liquidation , I mean AIG went bankrupt , Lehman brothers went bankrupt a lot of people are redeeming and are forced to sell everything that's not deflation that's temporary ...all this money being created is going to lead to inflation ...at least it always has.....
Labels:Jim Rogers
Inflation
Subscribe to:
Post Comments (Atom)
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 "
No comments:
Post a Comment