Monday, July 18, 2011

I cannot conceive how anybody would be lending money to the United States for thirty years

Jim Rogers : " ...Interest rates in the United States are very very low , I cannot conceive how anybody would be lending money to the United States for thirty years at 3 or 4 or 5 or 6 percent interest in US Dollars , the dollar is a terribly flawed currency , the US government is the largest debtor nation in the history of the world , no I cannot conceive that , it does not mean there cannot be rallies but the US bond market has been rallying for thirty years it has been going up for thirty years that's another reason they sell it , that thirty year bull market I think it is going to come to an end sometime in the foreseeable future " - in Reuters


Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

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