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, January 5, 2011

Jim Rogers : Central Banks around the world scare me

Jim Rogers :"...Central banks around the world scare me. They are doing, not all but many of them are doing, foolish things and we are going to have serious problems down the road. I do not know how they plan to get out of what they are doing. The Central Bank at America spent huge amounts of money. I do not know how they are going to get out of this problem without causing serious problems for everybody. Many central banks are going to exit from the mistakes that they have made without causing even more damage. All of these guys, especially Americans and Brits who have been printing money and buying absurd assets, are going to cause many more problems in the end than they are solving. ...."

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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