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%.

Wednesday, November 2, 2011

Jim Rogers - the US is in worse shape than Europe

Jim Rogers - Fox Business News - 02 Nov 2011

Jim Rogers : we still have serious problems throughout the world , particularly in the US , the US in fact is in worse shape than Europe , Europe is getting depressed these days because the debts are coming due but America is the largest debtor nation in the history of the world and things are not getting better , next time we are going to have an economic slowdown it is going to be terrible

Jim Rogers : Uranium has a bright future , I will be buying Uranium sometime in the next year or two

Jim Rogers : I said before I am very optimistic about the situation of Energy , any sources of energy are going to do well , Uranium has been beaten down in recent months because of what happened in Japan ,. , I do not own Uranium at the moment but I am contemplating buying Uranium sometime in the next year or two because whether we like it or not we have to have nuclear energy , The world is running out of know supplies of oil so I guess I will be buying Uranium sometime in the next year or two , we're running out of oil whether we like it or not so any source of energy whether it's Coal Uranium or whatever has a bright future - in RBS Conference 22.11.2011, Salzburg, Austria

In The US more people study Public Relations than study agriculture or mining

Jim Rogers : I told you how old farmers are in the world , In The United States very few people study agriculture anymore and no young people going into agriculture , In The United States more people study Public Relations than study agriculture or mining , so the world got serious shortage of supply continuing for quite some time because young people are not going into these industries

Greece is bankrupt, but others are too

Jim Rogers : "Greece is bankrupt, but others are too, and these haircuts will have to come back and be wider,"

"Most European countries are increasing their debt rather than decreasing their debt," Rogers said. "Until that changes, the problems are going to continue, just as they will in the U.S."

European Politicians have delayed addressing the debt problem

 Jim Rogers : "Politicians have delayed addressing the problem yet again,"

"It will come back in a few weeks or a few months and the world will still have the same problem, but this time only worse because the European Central Bank and other countries will be deeper in debt." - in Investment Week.

The Eurozone deal for Greece is not enough to solve Europe's problems

Jim Rogers : "Politicians have delayed addressing the problem yet again,"
"It will come back in a few weeks or a few months and the world will still have the same problem, but this time only worse because the European Central Bank and other countries will be deeper in debt." - in Investment Week
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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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