Jim Rogers : The Greatest threat to the Malaysian Economy is its high household Debt

 Jim Rogers opined that the greatest threat to the Malaysian economy is its high household debt which is growing rapidly. Global markets have seen a rise in volatility on the propsects of the Fed launching its tappering action.

Emerging markets have been particularly hit hard with the prospect of outflow of capital to safe havens and advanced markets.

Bursa Malaysia has not been spared either. The benchmark index, the 30- stock FBM KLCI, dropped by 32 points or 1.8% yesterday to close at 1,742 points as the post election sell-off suggests a short term bearish trend. - in themalaysianreserve



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%.