Legendary investor Jim Rogers gives his analysis on currency markets, inflation, and commodities, and provides solutions to the economic problems in the US.
While optimistic that the US dollar is an okay place to be in the short-term for technical reasons, Rogers says the currency is terribly-flawed over the long-term. He believes inflation is here, as prices are already going up.
“Prices are going to get worse because Mr. Bernanke and the people in Washington are spending gigantic amounts of money which we don’t have, and someobody has to pay for this. There’s no free lunch.”
Stocks, Rogers says, are rising because of the money being flooded into the market. He sees oil prices staying high or going much higher unless new oil reserves are discovered.
Jim Rogers has taught finance at Columbia University’s business school and is a media commentator worldwide. He is the author of Adventure Capitalist, Investment Biker, Hot Commodities, A Gift to My Children, and A Bull in China. See his website.