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, June 1, 2011

Mohamed El-Erian : No QE3

Mohamed El-Erian , PIMCO CEO Discussing whether the Fed will implement a third round of quantitative easing and why it would be more damaging than helpful,
El-Erian : " will we get a QE3 ? I suspect we will not  and even if we do it may not be such a good thing " "let me give you an image that comes from our new staff member, allenizen berg saying the u.s. has broke its leg. it is unlikely the u.s. will be able to it is unlikely the u.s. will be able to aspirin. the question is, does it hobble along or do we fix the leg once and for all? if we don't fix the leg once and for all, we'll just hobble along. unfortunately, we're not going to sprint forward. based on what you said here, when you say you're still underweight u.s. treasuries, based on what bill gross has said in the past, can i conclude you don't believe we are headed into a second recession here in the united states despite the soft patch? it is unlikely we get a double dip. there's simply too much liquidity into the system right now. "


Jim Rogers : the Investment Banks are a disaster

Jim Rogers : I did not trust investment banks as you rightly pointed out I had shorted them short I am still short Investment Banks ..no no no those guys are a disaster , it's too bad the government had not let them fail it would have been better for the system if they let them go ahead and go bankrupt , I mean they let one go bankrupt they should have let all of them go bankrupt , no you should not trust anybody except yourself , if I tell you invest in something you should not invest in it unless you yourself know a lot about it that's the only way you gonna be successful as an investor , do not listen to people you see on the internet or the magazines or the TV , you will never be successful unless you yourself know what's you are doing ....



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 Bullish on Commodity based currencies like the Canadian Dollar

Jim Rogers : If commodities go down, commodity currencies might well correct too. The Australian dollar, the Canadian dollar, but I am not thinking about selling any of my bonds, currencies that are based on commodities. Again I hope you understand markets better than this. This is just a normal day's action. The idea that something dramatic has happened here in the markets, I do not see and I am looking at the same market you are and I do not see anything very dramatic going on. If something happens and the Canadian dollar collapses, then I hope I am smart enough to buy more, the Australian dollar but a few hours of action in the market is not enough for me to even notice. I would not have even noticed if you had not called.


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 "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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