Friday, March 22, 2013

China trying to lower inflation

The Chinese are trying to slow things down, rightly so. They've had inflation. They've had a real estate bubble, you should always try to pop bubbles and you should always try to kill inflation, so I admire what they're doing. China will have many problems but it's not the end of the world. The US went through a similar economic rise with rapid growth in the 20th century with the Great Depression in the 1930s.

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).