Can't such policies go on for a while? After all, we still don't have inflation…
Jim Rogers : According to the U.S. government! But you must buy
some things:
insurance, food, even paper. The price of nearly everything is going
up. We have inflation in India, China, Norway, Australia—everywhere but
the U.S. Bureau of Labor Statistics.
I'm telling you they're lying. Go to a restaurant in New York, or a
grocery store, and tell me that there's no inflation. [Rogers starts
tapping on his laptop]. Look here: In 2001, it cost $9 to go to the top
of the Empire State Building. Now it's $27 to go to the 86th floor, $44
to go to the top, and $67 to go express. The Museum of Modern Art in
2001 was $10, now it's $25. A cab from Kennedy airport to Manhattan in
2001 was $30 plus tolls. Now it starts at $52.-
in Barron's
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%.