"There is a huge artificial boom going on," warns Jim Rogers , the fact that "the whole world is trying to debase their currencies," produces a "major disconnect" between asset values and economic realities. Stocks are at new highs, not based on reality, but on printing presses "and that cannot work... this is going to end very very badly.""everybody will suffer, be very very careful as these are perilous times."
Jim Rogers is a world renowned commodity investor and author of 'Street Smarts: Adventures on the Road and in the Markets'. He spoke with The Prospect Group about commodity and currency markets, the coming bull market in agriculture, and how investors can protect themselves from the hard times ahead.
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.