Jim Rogers : Well, we’ll certainly have something more disruptive this time. You know, the American economy has had an economic slow down every four to six years since the beginning of time. So we’re overdue at the end of 2011/2012/2013.
I don’t know when it will come but I know it will come. It always has. And when the next slow down comes Americans are in serious trouble. America shot all its bullets. We can’t quadruple our debt again. You know, if you take in all the off balance sheet guarantees and assets, we have a huge debt problem facing us.
And if we try to do that again the market is not going to let us. Likewise, we cannot press staggering amounts of money again. The market is not going to let us. So the next time around is going to be worse than the last time. - in Goldseek Radio
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%.
JIM ROGERS BLOG is An Unofficial Tracking Blog of Global Investor Wall Street King and author Jim Rogers , his investments speeches interviews ideas and much more....
Jim Rogers I love you man! You are well learned with a good conscience I wish there were more people who gave such geniune feedback about the complex world of trading and investment such as yourself sir. I'll certainly never rely on papers or mainstream media for accuracy when it comes to the financial markets.
ReplyDeleteI am impressive to given this suggestion.By the America shot all its bullets are given the economic situation for Usa.It is a different time like future,past and current status.
ReplyDeleteDebt Management