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, November 24, 2011

Jim Rogers still bullish on China despite the Housing Bubble

Jim Rogers explains that the real estate bubble in China is different from what's happening in the UK and in the US and that's is not going to affect China as a whole "In America people could buy four or five houses with no job, no money down and then the banks took the mortgages and diced them up even more. In China you cannot buy one house with no money down, with no job. There are strict limits on housing.Yes there's been a housing bubble in urban-coastal real estate in China. Yes its going to pop because the Chinese government is popping it with their own will. Americans certainly didn't do anything like that.Yes there are going to be problems , yes you're going to have some real estate bank going bankrupt , that's not China , it's not like what's happening in the UK and in the US " - in CNBC 23 Nov 2011

1 comment:

  1. MRDecember 1, 2011 at 1:18 AM

    The housing bubble may not be as sever as USA or UK, however has other aspects which combined with other social issues in China is bound to have an impact in China economy and social relations.... to name a few so many empty apartments owned by Chinese, HongKong, Taiwanese rich, when most young educated working class chinese can not afford a hole in the wall...
    Rows of unoccupied factories, with high rental prices, and new ones going up...

    ReplyDelete

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 "
Related Posts Plugin for WordPress, Blogger...