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 23, 2011

El-Erian on Greece Outlook & IEA Oil Release

Mohamed El-Erian  :  " what it seems Betty is that government are getting sucked in more and more into markets so phase one in the first quarter of 08 and 09 was about governments normalizing markets phase 2 , 2010 august when chairman Bernanke started talking about QE2 was about governments trying to push up valuations in order to make us all feel wealthier and get us to spend more but they end up both getting good and bad inflation so phase 3 and today is an example of that is government coming in and trying to distinguish between good and bad inflation the problem with all this is that markets get very nervous " Mohamed El-Erian is chief executive officer of Pacific Investment Management Co.,He joined PIMCO in 1999 and then rejoined PIMCO in 2007 , From 05-07 El-Erian was President & CEO of Harvard Mgmnt CO.  . He is author of best seller "When Markets Collide" He talks about Greece's debt crisis. El-Erian, speaking with Betty Liu, Michael McKee and Jon Erlichman on Bloomberg Television's "In the Loop," also discusses the release of emergency oil stockpiles and the U.S. economy




Jim Rogers long Cotton

Jim Rogers says that he is long cotton :" the next (crisis) is going to be worse , we've had recessions every four to six years in America since the beginning of time that means by the end of 2011 or 2012 or 2013 we gonna have another economic slowdown in America , when that happens what are they gonna do ? they've shot all their bullets you know America quadrupled its debt last time when you taking things like the Fannie Mae , you know we took on 6 trillion dollars of Fannie Mae obligations we say we do not even talk about it anymore ...and somebody is going to pay it off and we can't print that much more money again there're not enough trees in the world to print that much money , ...I know there are not enough COTTON , I am long COTTON , there is not enough cotton for them to print that much more money . My point is the next time there is a slowdown it is going to be worse than the last time because we shot all of our bullets
- in Yahoo Finance



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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