Wednesday, July 27, 2011

Moodys has gotten everything wrong in the past ten years

Jim Rogers : “The U.S. has lost its AAA status,Anyone who knows what is going on, already knows that the U.S. is now the largest debtor nation in the history of the world. It’s only Moody's and S&P that haven’t figured out what is going on. The investment world the financial world knows that America is not AAA. anymore who cares what Moody's said , Moodys has gotten everything wrong in the past ten years why do you pay attention to them ”  - in WSJ interview

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%.

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