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, June 2, 2011

Jim Rogers - in China you cannot buy one house with no job and no money down

Jim Rogers : "...to me there is no question in urban coastal real estate in China , but that's not China that's not the whole economy , it's much much broader than that , yes you gonna see Chinese real estate speculators going broke I assure you of that "..." In America you could buy five houses with no job no money down and the bankers took those mortgages and turned them into an even magic more debt in other words that's not happening in China , you can't buy two houses without a job , you can't buy one house with no job and no money down , it's an entirely different kind of situation " in BBC Hardtalk

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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