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%.

Monday, August 1, 2011

El-Erian : S&P Under Pressure not to Downgrade

Mohamed El-Erian :" the good news is that the deal hopefully lifts spectre, this threat of default that was with us. what we don't know is what the rating agencies and one in particular, s&p will do."
"it matters because contracts are written in different ways. some contracts specific the highest of the rating, others do the lowest of the ratings. it does matter. we need to see if s&p sticks to what it said on july 14th when it put the rating on a negative watch which is a presumption of a town grade. it will down gad because the size of the deal is not large enough and the two stage raises a lot of questions of implementation. only s&p and i suspect they are under pressure not to downgrade."


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 : We do not have enough farmers


''We don't have enough farmers. We have to do something or we will have no food at any price at times in the next few years,'' Jim Rogers said after recent deliberations on world food security at meetings of the G20 and the United Nations Food and Agriculture Organisation. - in The Sydney Morning Herald




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 : I do not expect them to have real spending cuts

Jim Rogers : “I don’t expect them to have real spending cuts. They have been talking about this for 40 years, talking about how they are going to solve the problem of the deficit. Remember the Grace Commission? Remember the Gramm-Rudman act? The Gramm-Rudman act said we couldn’t have deficit spending 25 years ago. They forgot about that.” - in WSJ


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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