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, April 16, 2011

China inflation continues to rise

Inflation continues to be a problem for the Chinese government, with real estate and food particularly affected. China releases figures for its economic performance in the first quarter.The GDP rose by 9.7 per cent, and The Inflation increased by 5 percent that's the fastest pace since 2008, despite government efforts to rein in prices.China raised key interest rates for the fourth time since October as it tries to dampen high inflation.The People's Bank of China, the country's central bank, said the quarter-percentage-point increase lifts the one-year lending rate to 6.31 percent and the rate for one-year bank deposits to 3.25 percent.


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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