Jim Rogers : Europe should cut spending with an axe

Jim Rogers : " You have got to make these people cut spending with an axe. We have to go to the Greeks, Belgians, Italians and French and say “we cannot do this anymore”. The world has changed, financial markets are not going to accept this kind of garbage in 2013 or 2018 – we cannot continue. " - in www.investmentweek.co.uk



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.