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%.

Tuesday, May 5, 2009

Jim Rogers Saw the Collapse coming years before it happens

Jim Rogers foresaw the crisis with a disturbing accuracy years before it happened ...Jim Rogers explains the false Flag recovery and predict total collapse of the economy and the dollar during the Obama administration...America will default on its government debt ...prepare yourself !....excellent interview...


Jim Rogers is still a China bull Despite The Crisis


The global financial crisis has only strengthened international investor Jim Rogers' acerbic criticisms about the U.S. economy and his resoundingly optimistic view on China's future.

Rogers, co-founder along George Soros of the Quantum Fund, railed at the Federal Reserve and incoming U.S. Treasury Secretary Timothy Geithner, while also saying the high saving rate and solid fundamentals in China make it a powerful force to be reckoned with.

"This is going to be the new centre of the world, not just the financial but the political world" he said at the Asian Financial Forum in Hong Kong.

Rogers, who is now an independent investor living in Singapore, said he was going to use the U.S. dollar rally in the last six months to get out of all his investments in dollar-denominated assets and keep buying Chinese equities, the Japanese yen and commodities.

China Stocks Bubble Ready to Burst


May 5 (Bloomberg) -- China is at risk of a stock market “bubble” that may burst as investor confidence in the nation’s economic recovery weakens and bank lending slows, according to China Galaxy Securities Co., the nation’s largest brokerage.

The Shanghai Composite Index has surged 50 percent since last year’s low on Nov. 4 amid signs the government’s stimulus measures are reviving the world’s third-largest economy. The gains have driven valuations on the index to 27.2 times earnings, the highest in a year and Asia’s third most expensive. These levels are “signs of a bubble,” Galaxy Securities strategists led by Teng Tai wrote in a report.

“China’s economy has bottomed but the recovery may be weaker than forecast,” the analysts said today. “Bank lending will have to slow down. This will cap the growth in money supply and affect the supply of funds for the stock market.”

China’s investors flocked to equities this year on optimism 4 trillion yuan ($585 billion) of government spending, five interest-rate cuts since September and a record 4.58 trillion yuan of new bank lending in the first quarter would cushion the economy from the global recession and bolster corporate earnings.

At the peak, investors opened more than 480,000 new share trading accounts in the week to Feb. 20, the fastest pace in 13 months and double the average in the past year. That figure dropped to 338,719 in the week to April 24, the most recent data.

‘Be Defensive’

“Investors should be defensive and cut equities exposure,” the Galaxy Securities analysts wrote, saying the market is likely to undergo a “N-shaped” trend.
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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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