Below is the Jim Rogers interview with Bloomberg . According to Jim Rogers, the Chinese stock market has risen too fast and it might “collapse” has it has basically doubled off its lows.
- China continues to be the largest creditor nation in the world
- China is spending its reserves on things it will make them more competitive
- Jim Rogers is not currently buying any stocks in China
- Last bought Chinese shares in October/Nov 2008
- Likes to buy things when things collapse
- China has to buy commodities
- China has a horrendous water and pollution problem
- Geitner has been wrong for the past 15 years
- The way you build an economy is you save and invest
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