You've said that there’s unlikely to be an economic crash like famed short-seller, Jim Chanos, and others are forecasting.
Jim Rogers : That’s not right. What I’ve said is that China
is the next great country in the world. There’ll certainly be setbacks
along the way.
In the 19th century, as America was rising to power, it had 15
depressions, a horrible Civil War, massacres in the streets and little
in the way of human rights. And yet, America turned out to be pretty
successful.
China will have setbacks along the way. I have no idea what, when,
why or how. But China is the largest creditor nation in the world and if
and when they have setbacks, I would rather be investing money with
creditor nations such as China than debtor nations.
I have frequently said that we’ll have people in the real estate
business going bankrupt in China because the government is trying to
cool off that particular sector. But on the other hand, other parts of
the Chinese economy will continue to do extremely well.
If you’re in agriculture in China, you won’t know whether real estate
speculators in Shanghai are going broke because you’ll be too busy
making money yourself. - in Asia's Money Masters
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 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, May 22, 2014
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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 "