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, January 9, 2010

Economist Steve Keen warns about a possible Chinese bubble and its impact on the australian Economy

Economist Steve Keen speaks about a Chinese bubble - 9 Jan 09

China demand boosts Australian mining boom
Economist Steve Keen puts it in an elegant manner by saying " riding on a sheep's back is a lot more comfortable than riding on a Chinese back " alluding to the fact that australia economy used to be dependents of sheep's wool exports while it is not more dependents on the 'volatile' mining demand coming from China ....
Australia has been one of the beneficiaries of China's economic growth over the last two years.

Despite cooling off slightly during the global economic crisis, China's continuing demand for raw materials has been a major boost to the Australian mining industry.

China's need for commodities such as iron ore is helping mineral-rich Western Australia lead the rest of the country to recovery.

Al Jazeera's Aella Callan reports from the small coastal town of Geraldton, where plans are under way to build a new deep water port by 2012 to keep up with the demand from China and other emerging economies in Asia.
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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