Jim Rogers : Well, the only asset bubble I see potentially in China is in urban coastal real estate, but real estate is not nearly the entire Chinese economy as it was in America and the U.K. Sure, they will have setbacks.
Justin, in the 19th Century, America had a horrible civil war. We had 15 depressions with a 'D.' We had very few human rights. We had massacres in the streets regularly. We had very little rule of law. You could buy and sell - you can still buy and sell congressmen in America, but in those days they were cheap. America had horrible problems, but they came out of that and had a pretty good 20th Century.
in www.bbc.co.uk
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%.
Showing posts with label China Bubble. Show all posts
Showing posts with label China Bubble. Show all posts
Sunday, March 6, 2011
Thursday, May 20, 2010
Eventually the Euro will break up says Jim Rogers
I only see two bubbles in the world, one is Chinese urban real estate and the other is the United States government bond market.
Jim Rogers : "The currency crisis has been going on for a while. It did not start this week. It has been happening for a while. It started with, maybe depending on how you want to look at it, with Iceland or Latvia or many other countries who have been having problems, and the currency crisis is continuing and is going to get worse. This is not the end. Over the next year or more, we are going to see more. So prepare yourself." and regarding how he sees the future of the Euro and The EU Jim Rogers says :"Eventually the euro unfortunately is going to break up I am afraid because it keeps weakening itself from within. If they would lead Greece go bankrupt, for instance, it would strengthen the euro, it would strengthen the Eurozone because then people would know you have to maintain a sound economy, you have to maintain a sound currency and everybody would jump in and buy the euro including I would buy more if that would be case. Weakening from within and continuing to lend money and paper over problems is not a solution for a sound currency. I do own the euro, do not get me wrong but I do not thing this is the proper approach. "
"Well I was short on major Western financial institutions in 2008, I am delighted and surprised you remember but I was. Then there were great excesses in the Western financial community. We do not have that kind of excess now. We have excesses but nothing like we did then. I am just shorting this major Western financial institution because it is very high priced and if the markets are going to consolidate, it will be one of the first to get hit because the reasons in my view we will have consolidation because of currency turmoil and financial market turmoil. I do not see a bubble in finance like we had two or three years ago. We could have one again but it is not there, yeah. I only see two bubbles in the world, one is Chinese urban real estate and the other is the United States government bond market. We do not have major periods of excess like we did have three years ago in the Western financial arena. "
Labels:Jim Rogers
China Bubble,
Euro
Tuesday, February 2, 2010
Jim Rogers China Economy Is not a Bubble

“If anything is a bubble in the world, that and U.S. government bonds are certainly very overpriced,” Jim Rogers recently told Bloomberg. “Maybe you have too much inflation and credit creation. But that doesn’t mean there’s a bubble. A bubble is when everybody is buying everything every day, and people can hardly wait to get more.” Rogers added
in the same tone NIA have released an article saying that NIA does not believe that China's economy is in a bubble "NIA believes China's moves to tighten bank lending will strengthen the long-term future of their economy. In the short-term, interest rates will inevitably rise and their GDP growth will decline, but we won't see a collapse in asset prices in China." NIA said
Labels:Jim Rogers
China Bubble
Friday, January 22, 2010
China Economy Bubble or not a Bubble ?
China is becoming the second world economy the first exporter the biggest car market in the world , is the Chinese Economy over heating ?
Counting the Cost looks at China's rapid economic growth; is it creating a stock market and property bubble that could undermine the global recovery?
Labels:Jim Rogers
China Bubble
Friday, January 8, 2010
Jim Rogers China is not in a bubble

“I find it interesting that people who couldn’t spell China 10 years ago are now experts on China,” said Jim Rogers, who co-founded the Quantum Fund with George Soros and now lives in Singapore. “China is not in a bubble.”
Via New York Times
Jim Rogers president of Rogers Holdings is George Soros former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver
Labels:Jim Rogers
China Bubble
Thursday, December 24, 2009
China is the next Financial Bubble says Stephen Moore on Glenn Beck
China holds around one trillion of US treasury Debt besides 2 trillions of US Dollar reserves , what happens when China not only stops buying US debt but also starts selling what it already holds ??? can China really do it or is it a suicidal move both for China and the US ....
Labels:Jim Rogers
China Bubble
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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 "