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).
Thursday, December 12, 2013
I Cannot See A Crash Anytime Soon
Right now we have all these people printing so much money. So, I cannot see a crash anytime soon. I can see corrections, I can see the markets going down a bit and for a while but with all the money printing everywhere in the world and no constraints on Congress now, Congress gets free to spend as much as they want to...They have moved the debt ceiling, they are afraid to do anything about it.
So, with all the money printing and all the spending everywhere in the world, this could go on for a while.
The Fed`s Dangerous Game
When they eventually say, "we are going to start to cutback now", the markets are going to go down fairly substantially. It is going to scare the bureaucrats. These are people that are just government employees and they are going to be scared to death and so they are going to start printing again until finally the market says, "We are not going to take this garbage paper anymore, we do not like this game anymore", and then the market is going to force these guys to stop and that is going to be called a crisis.
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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