Jim Rogers : “The debt-to-GDP now is up over 90%. Studies show that when you get that deeply in debt, it’s very difficult to move forward at a rapid rate,” he says. “They’ve got balance-of-trade deficits — they’ve got all sorts of deficits there.” - in BusinessInsider
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%.
