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.
Tuesday, May 6, 2014
China have an Inflation Problem
"Well, few countries do a good job of transitioning to slower growth.
The Chinese have been trying to slow things down for a while, so anybody
who is not aware that China has been trying to engineer a slowdown
should be reading the papers more, or reading the Internet more.
They have had an inflation problem and they have had a property problem.
They know it and they’re trying to do something about it. China has
been slowing, but this is not the least bit unusual.
I would remind you that what is unusual is that China hasn’t had more
economic problems in the last decade or two. I would remind you that as
America rose to power, we had 15 Depressions; we had very few human
rights; we had very little rule of law; we had massacres in the streets;
we had a horrible civil war." - in ETF.com
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).