Mohamed El-Erian , PIMCO CEO Discussing whether the Fed will implement a third round of quantitative easing and why it would be more damaging than helpful,
El-Erian : " will we get a QE3 ? I suspect we will not and even if we do it may not be such a good thing " "let me give you an image that comes from our new staff member, allenizen berg saying the u.s. has broke its leg. it is unlikely the u.s. will be able to it is unlikely the u.s. will be able to aspirin. the question is, does it hobble along or do we fix the leg once and for all? if we don't fix the leg once and for all, we'll just hobble along. unfortunately, we're not going to sprint forward. based on what you said here, when you say you're still underweight u.s. treasuries, based on what bill gross has said in the past, can i conclude you don't believe we are headed into a second recession here in the united states despite the soft patch? it is unlikely we get a double dip. there's simply too much liquidity into the system right now. "
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, June 1, 2011
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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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