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%.

Thursday, October 27, 2011

The Stock markets will rally for a while but the problems are going to continue

Jim Rogers : "There has been a major overhang, so we will see the easing of some pressure, but the problem will come back because the Western world still has not dealt with its debt,"

"Most European countries are increasing their debt rather than decreasing their debt. Until that changes, the problems are going to continue, just as they will in the US," - in Investment Week

Jim Rogers : The 50% Greek haircut a surprise but not enough to save Europe

Jim Rogers : "Never in a million years did I expect them to impose a haircut of 50%, this shows at least somebody is starting to accept reality,"

. "Greece is bankrupt, but others are too, and these haircuts will have to come back and be wider," -via www.investmentweek.co.uk-

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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