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%.
There`s Another Slowdown Coming
We are going to have a global financial collapse because of these guys.
In the U.S. we have had economic slowdowns every 4 to 6 years since the
beginning of the republic.
In 2001-2002 we had a problem and then we got over it, the government
printed a lot of money. By 2007-2008 and 2009 we had our next one, which
is the way it always works. It was worse because the debt was so, so,
so much higher.
Now you wait till the next one. There is a next one coming despite what
they keep telling us. And when the next one comes, the debt is going up
by staggering amounts, not just in the U.S. but worldwide. So when the
next one comes it will be even worse. Let`s hope the world survives that
one.
Related trading instruments: SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 ETF (SPY)
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 "
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