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, July 3, 2012

Jim Rogers : Euro Markets Euphoria wont last long

Jim Rogers : “They’ve had 20 summits in the past three years. And every time they have a summit and they announce something, the markets rally,” Rogers said. “After they read it and see what it really means, then the markets go back down. The same thing is going to happen again.” “The solution to too much debt is not more debt,” Rogers said. “All this little agreement does is give [the banks] a chance to have even more debt for a little while longer.”“What needs to happen is that people need to stop spending money they don’t have,” Rogers said. “This is not going to be solved until people start cutting spending – cutting spending dramatically – and paying down debt.” - in CNBC
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%.
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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