Monday, September 30, 2013

Developing World: Some Doing Well, Some Are Hopeless

"Some of the developing world has been doing extremely well, but some of it has been doing hopeless. Many of them now have serious problems. Look at Indonesia, look at India, look at Turkey. They have got these huge balance of trade deficits which were easy to finance with low interest rates but now they are all suffering." - in Investment Week

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).