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%.

Monday, March 22, 2010

China threatens US over currency rate dispute

yuan vs dollar
Beijing has threatened to retaliate if the United States declares China a currency manipulator and imposes trade sanctions.

The US Treasury is to rule whether China is unfairly holding down its exchange rate to gain a competitive edge in global markets.

Political pressure is growing in Washington to declare China a currency manipulator. Some US senators have threatened to slap duties on Chinese products if Beijing fails to allow the yuan's value to rise.
read entire article
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 "
Related Posts Plugin for WordPress, Blogger...