Jim Rogers : No matter what you've heard to the contrary, there is QE3, the Fed is pumping money into the system,
They're lying to us," he says of the Fed. "One reason the markets are holding up so well is that they are printing money as fast as they can.
What the Federal Reserve is doing now is ruining an entire class of investors, - in Yahoo Finance
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%.
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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 "
Is this what you are referring to?
ReplyDeletehttp://research.stlouisfed.org/publications/usfd/page6.pdf