JIM ROGERS BLOG is An Unofficial Tracking Blog of Global Investor Wall Street King and author Jim Rogers , his investments speeches interviews ideas and much more....
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%.
Monday, March 12, 2012
El-Erian on the Markets - CNBC 12 March 2012
El-Erian on the Markets - CNBC 12 March 2012 :
"We are living in a financial repression right now," says Mohamed El-Erian, PIMCO CEO & co-CIO "a lot depends on when you start the story. if you look at the last few months, yes, employment has been growing consistent with a 4% gdp print whereas the underlying gdp print didn't make it to 2% but if you go back further and start at the time of the great recession, that story doesn't hold any more, and the reason why is you've seen the economy as a whole do what the financial sector used to do, which is at the first sign of a slowdown, you manage very aggressively your cost side, and then coming out, you realize that you're too lean and you manage it the other way around, so i think what you're seeing is simply the economy as a whole getting an economic term more efficient but we get much more unemployment swings than we used to before" Mohamed El-Erian explains
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%.
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 "