Jim
Rogers: Buy Real Assets; Inflation Is Here and It Is Going to Get
Worse
by
Robert Wenzel
Economic
Policy Journal
Recently
by Robert Wenzel: How
Bad Will the Muni Bond Situation Get?
Jim Rogers spoke in Chicago this week. Dan Collins
was there to report
on his comments. Rogers has it pretty much nailed. This from the
Collins report:
Rogers added that he never saw a time when so many currencies
appeared in distress and wasn’t prepared to offer an alternative
currency, instead advising the attendees to invest in real assets...
When asked whether all this quantitative easing and money printing
would cause inflation, Rogers responded by pointing out there
already has been quite a bit of inflation in the United States
and criticized the way the Bureau of Labor Statistics calculates
its numbers. “It should be criminal. Prices are going up
except in the Bureau of Labor Statistics, it is here and it is
going to get worse.”
And he expects the cost of money to rise as well, stating that
the 30-year bull market in bonds is ending and an era of sharply
rising interest rates is on the way.
Reprinted
with permission from Economic
Policy Journal.
January
17, 2011
©2011
Economic Policy Journal
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