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Jim Rogers: "i'm Telling You We Will Be In A Recession Sometime This Year"
Posted on 03/07/2007 11:59 AM | Link | Post Comment
Jim Rogers founded the Quantum Fund along with George Soros. He is a regular guest on FOX News Cavuto on Business which airs every Saturday. In 1998 he founded the Rogers International Commodity Index, and it author of the book "Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market".
Here is a Bloomberg interview conducted with Jim in February 2007;
Bloomberg: What exactly was your take on the price action yesterday in China?
Rogers: Well, as I said to you earlier in the month, a little bit of a mania was developing in China. I guess I said I was not selling, but I certainly wasn't buying because the government is getting anxious about what's going on and it was out of control. Taxi drivers were borrowing money to buy stocks, shop assistants were doing the same thing. That's never a time to buy, that's a time of overheating.
Here is a Bloomberg interview conducted with Jim in February 2007;
Bloomberg: What exactly was your take on the price action yesterday in China?
Rogers: Well, as I said to you earlier in the month, a little bit of a mania was developing in China. I guess I said I was not selling, but I certainly wasn't buying because the government is getting anxious about what's going on and it was out of control. Taxi drivers were borrowing money to buy stocks, shop assistants were doing the same thing. That's never a time to buy, that's a time of overheating.
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