China is trying to slow its economy down

Jim Rogers : ...China is trying to slow its economy down. they've raised interest rates six times. I wish America raised its rates six times. they raised reserve requirements 12 times. they're trying to slow things down. India the same way. many countries in the world acknowledge that -- Australia. many countries acknowledge inflation and trying to slow things down. that's why I am not so optimistic about the world economy going forward. - in CNBC - 09 Sept 2011



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%.