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, January 11, 2010

Jim Rogers vs Jim Chanos on China

In a recent Interview with CNBC James Chanos called China a bubble worse than Dubai : ”(China) is a surging real estate sector buoyed by a flood of speculative capital,” he says. “It looks like Dubai times 1,000 — or worse!” and he said that the Chinese GDP numbers are probably fake 'inflated' “We just don’t believe the GDP numbers. We think they’re massively inflated by under-depreciating a very shaky capital-asset base.”
Chanos called China a bubble : “Bubbles are best identified by credit excesses, not valuation excesses,” he said in a recent interview on CNBC (watch below). “And there’s no bigger credit excess than in China.”
“I find it interesting that people who couldn’t spell China 10 years ago are now experts on China,” said Jim Rogers, the co-founder with George Soros of the Quantum Fund and who has left New York to live in Singapore. “China is not in a bubble.” James Rogers confirmed









Jim Rogers Chairman of the Federal Reserve

Jim Rogers
when asked by the Wall st Cheat sheet what he would do if he was to be appointed chairman of the federal reserve , Jimmy Rogers simply answered that he will abolish the Fed and then resign , this is not of great surprise as Jim Rogers always expressed expressed his discontent about the the FED and its policy of printing more money to solve the problems of debt
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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