What is your outlook on global interest rates? In which direction are they likely to move?
The interest rates are going higher in most countries. Countries like
Turkey, Indonesia and India had advantage of low interest rates. But
these countries are going to suffer because the interest rates are going
to be higher and there won't be any cheap money. Then China is also
cooling off, there are many things happening around the world. The
underlying situation is getting worse with interest rates going higher
and printing of money.
Which are the sectors you have considered to place your bets in 2014?
I am bullish on agriculture, I am bullish on airlines. The Chinese
government had said in late November that they are going to spend big
money over the next 10-20 years in railroads and pollution control
measures. Apart from China, there are many other countries that will
spend in these sectors. Water is another sector where I am bullish.
China, India, America all have water problems. - in ET Now
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 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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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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