April 10, 2014

Nobody Knows How Much China Is Growing

"As far as the lower growth rates, I don’t pay attention to government growth figures because they’re all phony. Nobody knows how much China is growing, including China. I don’t pay attention to all of these figures. They’re not important to me. They’re irrelevant. China is certainly doing better than most countries and it will continue to do so. It will have setbacks. There’s nothing that says China should not have a recession. But China has a lot of money saved for a rainy day and when it rains they’re going to spend. America doesn’t have any money saved for a rainy day. And when it rains we’re going to try to borrow it or print it, neither of which is good for America or for the world." - in Next Big Future 

You can keep reading Jim`s market updates and financial commentary on the new website: Rogers on The Markets (click on the link or on the image below to access the new website)

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several books and also a financial commentator worldwide. Visit the new website Rogers On The Markets for exclusive content. 
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