Wednesday, September 25, 2013

India has All Sorts Of Deficits There

“The debt-to-GDP now is up over 90 percent. Studies show that when you get that deeply in debt, it’s very difficult to move forward at a rapid rate. They’ve got balance-of-trade deficits - they’ve got all sorts of deficits there.” - in CBS Market Watch

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).