Jim Rogers graduated from Yale University and has a degree in philosophy, politics and economics from Oxford University. Jimmy Rogers became a Wall street legend when he and George Soros founded the Quantum Fund.After his career as a hedge fund manager and investor,Jim Rogers now periodically teaches finance at Columbia University, and appears regularly on the CNBC Cable Network.
Wednesday, October 5, 2011
Trade war with China can be very dangerous
We had a trade war in the 30`s which led to the Great Depression. We already have small signs of trade wars breaking out, Brazil, France, other places...now America.
This can be very dangerous in the end. - in RT America
In The Two Largest Economies In The World, We Have A Dismal Outlook
Jim Rogers : In the U.S. and Europe, the two largest economies in the world, we have a dismal outlook.
Naturally, that is going to affect all the emerging markets. Some of the emerging markets of course are making things worse for themselves. The Brazilians put on currency controls, the Brazilians started a possible trade war. So they are not contributing to good things.
Investors use too much leverage
Jim Rogers : Investors make the same mistakes investing in anything. They use too much leverage. The great advantage of commodity investing is you can use enormous leverage. The great disaster of commodity investing is you can use enormous leverage. Everybody in the world has a story about a brother-in-law who went broke investing in soybeans. But you don’t have to invest that way. - in CommodityOnline
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