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.
Wednesday, February 12, 2014
Emerging Markets: Crisis Not Over Yet
There are a lot of emerging markets, some better than others. But there
are serious, serious problems out there and they are going to get worse.
Turkey, Indonesia, India, this is not over yet. Brazil...
There are plenty of them that have serious problems and they are not
being resolved. The major problem is the Federal Reserve in America that
has interest rates at such a tiny low level that people can borrow lots
of money and America is printing a lot of money so there`s plenty of
money to be borrowed. A lot of countries have borrowed the money at
cheap rates to cover up their problems, they haven`t addressed the
problems and so now, they have huge problems and it`s going to get
worse. This is not over yet.
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).