Jim Rogers : "Governments and central banks have reacted to the crisis in what they
view is the correct manner, but, in my view, it is an artificial manner,
and they are only making the crisis worse. The reason it is stretching
out as a problem is that they never let the problem cure itself.
For instance, in 2001 and 2002, there were economic problems in the
world and they hurt, but they were not that bad. The next one came in
2007-08 and it was much worse because the debt had risen by then.
Central banks, especially the American central bank, started printing
money and everything felt better for a while. Then the problem came
again and central banks led by the Americans, and governments led by the
Americans, again ran up even more debt and continue to do so. Many of
us feel better, especially the ones getting the money, but, overall, it
is worse now and the situation continues to deteriorate because the debt
is so much higher now. The next time we have a slowdown, it is going to
be a lot worse. In America, the debt quadrupled and a lot of it is
garbage—we are floating on an artificial sea of liquidity, and it is
wonderful if you are in the right boat.
Problems always come no matter what governments say and we have always
had slowdowns in America after every six or seven years even in good
times. Be very worried because the next time around, things are going to
be much worse, especially in countries where the debt is much higher.
In the 1920s and 1930s, the centre of the world moved from the UK to the
US, primarily due to financial problems and mistakes made by the
politicians. The same thing is happening now, and the centre of the
world is moving from the US to Asia, exasperated due to the financial
crisis and mistakes made by politicians. In the 1930s, US was a creditor
nation, but it suffered badly, but not as badly as some of the European
nations. Asia will suffer the next time around, but the West will
suffer even more. I would rather be with the creditors than with the
countries (that) have huge debts." - in Live Mint
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 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, September 14, 2013
Jim Rogers & Vince Stanzione on Making Money From Trading
Jim Roger is an American Investor and author. Jim Roger was born in 19 October, 1942 in United States of America. Jim Roger is the Chairman of Rogers Holdings and Beeland Interests, Inc and Co-founder of the Quantum Fund. Jim Roger has a deep look at American and global economy and all profitable investment opportunities in the world. People love to attend the expert opinions of Jim Roger.
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%.
Labels:Jim Rogers
Vince Stanzione
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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 "