Jim Rogers on the credit crunch
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Unless you have a video to back it up, Jim Rogers did not predict the Dow to go to 20K, considering he is one of the biggest bears (and rightfully so) out there.
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he did retire at 37.....and appears to demonstrate enough knowledge to earn most peoples respect. his fundamentals are correct but not even he can predict crony capitalistic moves.
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Jim Rogers is NOT a billionaire. Look at the Forbes's billionaire list online. He is NOT a legendary trader. In "Soros on Soros", George Soros wrote that Jim Rogers was just an analyst who was never allowed to "pull the trigger" (i.e., trade) because he was not good at it. He makes outrageous statements, and people forget them when they don't come true. Already this year, he predicted that Britain would collapse like Iceland, and that the DOW would go to 20k because of the stimulus. FAIL!
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It is also because he's an austrian economist and so reject the Keynsian view of economics.
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Ah, I've seen a interview with him on the Dutch show "andere tijden". He is able to make some accurate predictions on the economy by use of clear logic, so as an economist he is the top of the bill, but I believe that his belief in "the economic system" is only applicable on a large business scale, but it ruins individual persons if there is no proper social security system to back things up...
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He's 67 years old , let's imagine he lives to be as old as the oldest documented human being that has ever lived 122 years old.
If he has a wealth of one billion dollars he would need to consume 18 million dollars each year just to get rid of it before he dies.
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lol the interviewer is a bit of a comedian.
The guy is a billionaire he couldn't even consume what he already owns if he tried in the time he has left on this earth.
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Populist naar het proletariaat.
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He is so baked.
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Jim said in a couple of interviews that he supports Ron Paul. It's on youtube.
Tasadaru 3 years ago 5
I've been going nuts looking at the price of gold these past few weeks, and I've noticed a decline in my health because of the stress. I'm going to take Jim's advice and not look at quotes for a month.
user197a 3 years ago 4