Thursday, January 23, 2014

Tapering Will be Disaster

 Influential investor Jim Rogers has warned about the impact of the US central bank's tapering plans, saying they will be an "unmitigated disaster".

His concern is despite US stock markets looking likely to end 2013 on a high and signs of recovery in the eurozone.

Mr Rogers told Sharanjit Leyl: "This is the first time that all the central banks are printing staggering amounts of money at the same time. There's an artificial sea of liquidity... This is going to be a disaster in the end."

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).