El-Erian : Greece has been Sacrificed , this package will fail

Mohamed El-Erian : "absolutely. i would go further and say greece has been sacrificed in order to build that firewall. i think everybody recognizes what you said which is in greece we are sustaining the unsustainable and it comes at a cost and the cost is a society that has to put up with tremendous austerity without seeing a light at the end of the tunnel. that's why this package will fail like the previous package"

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%.