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%.

Thursday, June 25, 2009

Jim Rogers selling his dollars and has no shorts

Jim Rogers says has no short positions, selling dollars :

Jim Rogers was interviewed this Thursday on Singapore Reuters TV , he said :
"I have no shorts for one of the first times in my life," he told Reuters TV in Singapore . Jim Rogers is a legendary investor nicknamed the king of Wall street he co-founded with George Soros of the Quantum Fund and retired in his thirties now he lives with wife and daughters in Singapore after having sold his New York Mansion ... . "On the other hand I don't see much to buy."
"huge borrowing by governments, particularly in the United States and Britain, would hurt their currencies and lead to future problems" he added , Jim Rogers seems to favor commodities currencies in particular the Canadian dollar

Millions of Chinese are looking for Jobs in a declining economy

millions of Chinese newly graduate from schools and colleges hit the job market every year , other millions factory workers and peasant immigrates from the country sides to the industrialized cities on the coast ...all this in a slowing economy falling exports closing factories ...etc ..the Chinese government is doing its best to find a job for each citizen in order to avoid any turmoils or unrest ...will China be able to survive this crisis avoid the faith of the former soviet Union , and will be the Chinese politicians be wise in handling (what I call ) the two spins they have in the torso : Taiwan and the Tibet ( and relatively the Xinjiang province too) , China is mosaic of ethnicities languages , religions very rich and very poor provinces , that have been kept together with the iron fest of the communist Chinese party and after that with the dividends of a booming economy , all that is about to end now i guess., Jim Rogers is absolutely optimistic about the future of china he is also quite sure that soon enough Taiwan and mainland China will become one , the future will say if he was right on this one...
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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