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, April 15, 2010

Understanding the China US Economic Relationship - Richard Wolff

Economist Richard Wolff explores the complex, worrisome economic relationship between China and the U.S. American consumerism, he says, funds China's ability to lend to the U.S. in what he calls a "replay in reverse" of the Marshall Plan.



Join Economics Professor Richard Wolff, University of Massachusetts, for a screening of his film, "Capitalism Hits the Fan," and a Q and A.

Professor Wolff breaks down the root causes of today's economic crisis and traces its source to the 1970s, when wages began to stagnate and American workers were forced into a spiral of borrowing and debt. By placing the crisis in this framework, Wolff argues that proposals for government "bailouts," offers of stimulus packages, and calls for increased market regulation will not address the real causes of the crisis. He suggests that far more fundamental change is necessary to avoid future catastrophes. Richly illustrated with motion graphics, "Capitalism Hits the Fan" is a superb introduction to the unraveling economic crisis for ordinary citizens. - The New School
Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City. He also teaches classes regularly at the Brecht Forum in Manhattan.

Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a Visiting Professor of Economics at the University of Paris (France), I (Sorbonne).

Jim Rogers : I would buy natural gas rather than oil

Jim Rogers :"Energy doubled last year and is still high. I own energy. I am not selling energy. If I were buying energy, I would probably buy natural gas rather than oil just because it’s so depressed. I don’t like to buy when things are up. I like to buy things when down, when people are unhappy that’s when I like to buy things.
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via indiatimes

Jim ONeill : China May Have Free-Float Yuan in 5 Years

April 15 (Bloomberg) -- Jim O'Neill, chief global economist for Goldman Sachs Group Inc., talks about China's yuan and trade growth among the so-called BRIC nations. ONeill coined the term BRIC in 2001 to describe the four large, fast-growing economies of Brazil, Russia, India and China. He speaks with Bloomberg's Andrea Catherwood in London.


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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