Rogers: Buying Bonds A “Terrible Mistake”
Jim Rogers says bonds are in a bubble, and that investors should own hard assets because of the Federal Reserve’s massive quantitative easing efforts — which he says are continuing. “I am not short bonds yet but I plan to be short bonds,” Rogers tells FOX Business Network. “My view is buying U.S. government bonds at this stage is a terrible mistake; it is one of the few bubbles left in the world. If the world economy gets better, you are going to make money in commodities because that’s where the shortages are. If the economy doesn’t get better, they are going to print money. And when they [print money], you better own things to protect you.” Rogers blasted the Fed, saying it is in fact engaging in another round of quantitative easing without telling the public. He also says Europe should let Greece go bankrupt.