Jim Rogers : No, nobody in the West is managing their austerity problems very well. Just look at the numbers, every single one of those has higher and higher debt. Even in Greece, which theoretically wrote off a lot of debt, debt is going higher. This probably has not been solved, it is being pushed down the road. It is going to come back worse the next time. Be very careful.
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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