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, March 4, 2011

Jim Rogers : we are running out of OIL - CNN March 03 2011

Jim Rogers :"..well the current situation is certainly causing oil to go higher and oil will go over a $150 will go over $200 eventually , if we have more turmoil it will go over a $150 next year or two , the problem is the world is running out of known supplies of oil period , and so the surprise will be how how the price stays and how it will eventually goes even if there is peace in the middle east " "...the IEA is going around pleading with people to listen that they we are running of world's known reserves of oil are declining at rates of 4 to 6 percent a year , figure it out that's simple arithmetic , we're running out of known reserves of oil "

China seeks to reassure public over economy

China has announced it will increase its defense budget by 12.7 per cent this year.
But officials in Beijing said on Friday that a return to double-digit military growth is not a threat to other countries.
The increase would put China's 2011 military budget at almost $92bn. But the plan must be rubber-stamped by the National People's congress, which begins its five-yearly meeting on Saturday.
"Since the NPC session has not yet formally opened, I would like to stress the word 'if', that is is approved by the upcoming NPC session the defense budget for the year 2011 will be around 601.1 billion yuan," Li said.
Al Jazeera's Melissa Chan has more on the focus of this year's meeting, which she reports is one of the few times of the year when China's leaders make major announcements.
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...