Jim Rogers on fox business News 18 January 2013 : ..we can still borrow at low rate because of the fed , this is an artificial development right now says Jim Rogers , and normally when central banks anywhere in the world do something this artificial it comes home to haunt them eventually and this will come home to haunt us too , the problem right now is there is more turmoil coming in the currency market , you see what's happening with the yen right now and if that happen a lot of people may push their money into the US Dollar and the US government bond market just because they do not know what else to do , it's the wrong thing to do but they'll do it anyway ...
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%.
