Jim Rogers : As said before, the market in 2012 will be driven by the general elections. There will be a lot of government spending, which will pile up the debt. Then the situation may be bad in 2013 and 2014. The recession will be caused by the negative effects of the heavy debt loads. The United States may not have enough bullets to fight the next serious recession. Europe will have very serious problems too.
This will undoubtedly affect other countries, including China. But compared to Western countries, China’s conservatism will lessen the blow. However, in general, no country can be spared from the recession in 2013 or 2014. - in Shanghai’s First Financial Daily
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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Which currencies would you suggest buying in 2012?
ReplyDeleteJim is absolutely correct. The markets this year will be heavily influenced by the elections. Every time it looks like Obama is doing well, the markets will drop, and visa-versa. I'd also add the situation in Europe with the Eurozone to the political and economic factors that will affect the markets.
ReplyDeletence jim, Election years usually spell good news for stock markets as political ... But the US economy faces some significant problems in 2012
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