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 17, 2011

Mohamed El-Erian : The Government will attempt the Financial Repression

PIMCO CEO Mohamed El-Erian on Bloomberg TV : the key issue is that there is still too much debt in the system we have not yet sorted out the debt issue the debt over hang , now like individuals governments can do three things , they can either grow their way out the debt that's unlikely in the US without what we call the spot nick moment which means structural reforms , they can impose austerity they can tighten their belt or they can default , but governments have two other possibilities that individuals do not have they can flee their way out of debt and they can impose what's called FINANCIAL REPRESSION which is very simple it means that the government ends up paying savers less than the way of inflation and slowly overcomes its debt issues by recapitalizing because its paying in negative real return we have seen this happen in the past and I suspect it will be attempted in the next 3 to 5 years .....
Mohamed El-Erian : The Government will attempt the Financial Repression

Jim Rogers Shorting US Bonds

“I will be shorting US bonds,” Jim Rogers chairman of Rogers Holding said at conference in Edinburgh. “I would probably be doing it today if I weren’t here,” he said. Bonds in the US have been in a bull market for 30 years, Rogers said. “In my view that’s coming to an end…the bond bull market is coming to an end. If any of you have bonds I would urge you to go home and sell them. If any of you are bond portfolio managers I would get another job,” he said. in CNBC




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%.
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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