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).
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.
Friday, September 6, 2013
Asset purchase program has been a complete disaster.
I think capital flows have moved out of emerging economies because the US equity markets have started performing well over the last one year. Investors must realize that the yield on US 10-year treasury notes bottomed in July 2012 at 1.43%, and after that it moved to 2.88%. In my view, the asset purchase program of the Fed has been a complete disaster.