MW: Opinion: Why Jim Rogers is buying what everyone else is selling
Jim Rogers, cofounder with George Soros of the Quantum Fund and author of the best-selling “Investment Biker,” which chronicled his investing-focused trek around the world by motorcycle, recently shared his views on global markets in a wide-ranging interview.
Since 2008 (when Rogers warned me that the stock market was going to crash), I have never heard him sound so ominous about U.S. stocks and global markets in general.
Read what Rogers has to say about U.S. markets. Then, read on for his views on gold, bonds, Greece, Japan, and China:
Sincere: So these are unusual times?
Rogers: What is happening right now is a historical anomaly. Never in the thousands of years of recorded history have we had interest rates at zero or negative. We are destroying the people who save and invest for the future. They are being wiped out at the expense of the people who bought four or five houses with no money down and no job. We are destroying the people that all societies throughout history have needed the most.
