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%.

Sunday, January 1, 2012

Will the Euro survive?

Jim Rogers : Let's hope it does and then Spain will not go bankrupt. Within ten years I don´t expect the euro to disappear because of elections and everybody´s going to try to keep things together. But certainly by the end of the decade, I do not expect to see the euro, certainly not in the actual form. But too many political problems, too many economic problems for it to survive as we know it and it may just disappear entirely. - in El Economista

4 comments:

  1. aibersJanuary 1, 2012 at 4:14 PM

    Why the hell should it survive, since it was designed to bring the EU on its knees? I can't find a uggly word enough to describe my disappointment!

    ReplyDelete
  2. aibersJanuary 1, 2012 at 4:14 PM

    FU!

    ReplyDelete
  3. . ,January 2, 2012 at 12:35 PM

    Was there not more elasticity and resilience in Europe prior to the Euro. I can recall closing deals where the negotiation often centered on the payment currency along with a risk contingency for conversion. It (EU) was a more open market and competitive environment in the late 80's and early 90's. Political and economic problems were a sovereign issue not to be a burden of all the member nations.

    ReplyDelete
  4. AnonymousJanuary 2, 2012 at 3:07 PM

    NO PAPER "MONEY" is going to survive. Closer to 10 months than ten years.

    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...