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, October 27, 2011

The Stock markets will rally for a while but the problems are going to continue

Jim Rogers : "There has been a major overhang, so we will see the easing of some pressure, but the problem will come back because the Western world still has not dealt with its debt,"

"Most European countries are increasing their debt rather than decreasing their debt. Until that changes, the problems are going to continue, just as they will in the US," - in Investment Week

1 comment:

  1. The problem is too much debt everywhere. Countries, States, Businesses, Individuals. Debt now commands attention, and because of the amounts, there can not be attention paid to other things. Business expansion, health and services, individual plans for their future. Debt service and debt reduction are #1 and #2 for the future.

    ReplyDelete

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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