The Fed is “probably going to raise interest rates – maybe even this week and certainly this year,” says Rogers, founder of Rogers Holdings and an original partner in George Soros’ Quantum Fund.
“What’s going to happen is, the rates are going to go higher, markets are going to go down, people are going to call up and say, ‘You must save civilization,’” he predicts. And then, in his scenario, “They’ll panic and then come riding to the rescue” by easing monetary policy again.- in Yahoo Finance
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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