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%.

Friday, April 2, 2010

China Stock Short Selling Launched

April 02, 2010 Short selling and margin trading launched in China. But, only 6 brokers are involved at the start and investors are cautious about jumping in right away.



Webster Tarpley: China playing both sides

April 02, 2010Yesterday China agreed to come to the negotiating table to talk sanctions against Iran after many pleas by Western allies to do so. Conveniently, the United States wont say whether or not they will release a report that could claim China is a currency manipulator. Is this just a ploy to keep China from backing away from the negotiating table?



Yuan appreciation on its way

Yuan Forwards Post Best Week in 3 Months on View of Peg



April 2 (Bloomberg) -- Yuan forwards posted their biggest weekly gain in almost three months on mounting speculation China will loosen its grip on the currency after data showed an economic recovery is gathering pace. Bloomberg's Sara Eisen reports. (Source: Bloomberg)



IPad Clones Made in China

China PC Makers Offer Lineup of IPad Clones



April 2 (Bloomberg) -- Bloomberg's Stephen Engle reports From Shenzhen, China, on personal computers that appear to be be similar to Apple Inc.'s iPad. (Source: Bloomberg)



The 20th Century was a disaster for China , Mao Zedong ruined the place - Jim Rogers

Jim Rogers: "It is not that I am attracted to China. It is that I see what is happening in China. I see the enormous changes that are taking place in China. I hope I would have thought that I would have seen the same sort of promise in Britain in 1807 – and seen that the UK was going to emerge on the world scene in a big way. I would hope I'd have detected the same promise in 1907 as regards America. Few people saw anything in the UK in 1807. Few people saw anything happening in America in 1907. The country was bankrupt in 1907, totally corrupt – Wall Street, Washington, everywhere. Yet, in fact, America was on the verge of becoming the greatest success of the 20th century.Jim Rogers on China

Again, things change. If you study history you can see that. China has had recurring periods of greatness three or four times in the last few thousand years. Britain was great once, Egypt was great once, and Rome was great once. China has been great three or four times. It's a resilient country, and we can see that now. For 300 years China was in decline. In fact, a few hundred years ago, China's Emperor destroyed all the big sailing ships. They had vessels that had been to America, to Africa. They were sailing around the world long before Columbus. And yet the Emperor decided the China was not going to travel across seas anymore. He destroyed all the ships, destroyed all the maps, destroyed the records, destroyed everything. China, as could be expected, went into decline.

The 20th Century was a disaster for China. Mao Zedong may have been a great guerilla warrior but he ruined the place. It was in total collapse until Deng Xiaoping came along and started reversing what amounted to hundreds of years of decline."
Via thedailybell
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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