Jim Rogers : they (Europe) going to announce some good things and it is going to make everyone feel better for a while, but eventually a month six weeks two months from now three months from now people are going to say, wait a minute, we're back where we are. things are worse than they were before. Maria, the problem of too much debt is not solved by more debt. this is ludicrous
- in CNBC 06 Dec 2011
Click Here to watch the full interview >>>>>>>
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%.
Tuesday, December 6, 2011
Europe in much better shape than the US
Jim Rogers : The U.S. as a whole is the largest debtor nation in the world and we have bankrupt state Illinois New York California etc.... , in Europe, the whole thing is not a big debtor nation. they're solvent. they've got individual countries, Ireland, Greece, etc..., that are bankrupt.But No they're not in much better shape than we are. - in CNBC 06 Dec 2011
Click Here to watch the full interview >>>>>>>
Click Here to watch the full interview >>>>>>>
Jim Rogers Market Outlook for 2012
Jim Rogers on CNBC 06 DEC. 2011 : "well, 2002 we had a problem, 2008 was worse because the debt was higher, 2013 or whenever the next one is will be worse still, because the debt is going through the roof , so it's going to get worse and worse. we're shooting our bullets, we are wasting money."
Labels:Jim Rogers
Market Outlook for 2012
Jim Rogers : there is already QE3
Jim Rogers : there is QE3 as you now the FED is pumping money into the system,Bernanke last August said he is going to keep interest rates artificially low , the only way you are going to do that Jeff is to go in the market , he is in the market
, M2 numbers since this august when he announced it have jumped up , they're in the market Jeff They're lying to us , One reason the markets are holding up so well is that they are printing money as fast as they can.
Labels:Jim Rogers
QE3
Subscribe to:
Posts (Atom)
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 "