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, March 6, 2010

Real Estate bubble in China is about to Burst ?

China moves to cool housing market



China's real estate boom has further deepened the divide between the haves and the have-nots as the country's middle class struggles with soaring property prices.

Wen Jiabao, China's premier, on Friday pledged measures to curb speculation in the country's housing market and rein in soaring prices, but with real estate accounting for 10 per cent of GDP, making any changes would not be welcomed by investors.

The dilemma for Chinese leaders is finding a balance between their need for prices to stabilize, while avoiding a property price crash.

Al Jazeera's Melissa Chan reports from Beijing. (6 March 2010)

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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