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%.

Saturday, July 21, 2012

Jim Rogers: The China Economic Success Story is Not Over

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Olly Ludwig: Let's talk about China for a moment. There's a fair amount of talk that the China juggernaut is at a crossroads, that what Deng Xiaoping achieved in the past generation was the easy part, and achieving steady growth is going to be a lot harder going forward. What's your take on that view?
Jim Rogers: There's no question that the first 30 years are the easiest 30 years when you're doing something like Deng Xiaoping did. And, secondly, there will certainly always be setbacks. Any country, any company, any family, any individual that rises has setbacks along the way. That's the way the world works. It's normal.
And, as we just discussed, China has been trying to slow its economy for the past three years. Anyone who doesn't understand that China is slowing down should read the newspapers. And, I as I was just saying, they're trying to loosen up too soon. But this is part of a plan. They have been successful so far, but whether they will continue to be successful, who knows?
In America, in the 19th century, we had a horrible Civil War; we had many Depressions; we had very little rule of law; we had periodic massacres in the streets; and we had few human rights. And yet we became an extremely successful country in the 20th century.
China is going to have plenty of problems as we go along. What they're going to be and when and why, I don't know. But I do know there are going to be plenty of problems.
in Goldnews interview 10 July 2012


 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: Water is China's Biggest Problem



 
Olly Ludwig: So, you don't see grounds for arguing that the China juggernaut has played out? People talk about the water-shortage issue, for example, as an inherent impediment that could become profoundly problematic and slow the whole Chinese success story down.
Jim Rogers: I guess I didn't make myself clear: China will certainly have problems as we go forward.
Olly Ludwig: But is there anything going on beyond the scope of what happened in the United States, such that the game is over? It sounds like your answer is no.
Jim Rogers: The answer is "no." That's right. But they will have many of the same problems that countries rising have.
The only thing that worries me within the China story is the water problem. If they don't solve their water problem, then there is no China story. I've been around the world and I've seen whole countries and societies disappear because the water disappeared. So if China can't solve its water problem, then there is no China story. Now, they know this too, and they're spending hundreds of billions of Dollars trying to solve their water problem. Will they be successful? I don't know.
- in Goldnews interview 10 July 2012

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%.

Commodities Bull Market not over Yet


Olly Ludwig: OK. Let's move on. It's baseball season in America, so, if you'll indulge me, what inning are we in as it relates to the bull market you laid out in book, "Hot Commodities"?
Jim Rogers: It's probably the bottom of the fifth or the top of the sixth inning, I would suspect. It's not over yet. There are corrections along the way, as there always are. In 1987, stock markets around the world collapsed 40 to 80 percent. Was that the end of the bull market in stocks? No. Stocks turned around and went up 1,000 percent after that. So there will be plenty of problems along the way. There always are.  - in Goldnews interview 10 July 2012



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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