Monday, September 3, 2012

China Is Loosening Up Too Early

Jim Rogers : Every time that they have begun to pop the real estate bubble in the past, once things start getting tough they get a lot of phone calls and they start loosening up again. In my view, China has loosened up too early every time in the last decade, which is why the real estate bubble has continued and it's gotten worse. So it looks as though China is going to loosen up again and in my view they're going to loosen up again too early this time around, and you'll probably have a continuation of the same old thing - more inflation and perhaps excesses in real estate again. - in Mineweb

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).