U.S. bond market bubble will burst

Jim Rogers thinks that both the U.S. bond market bubble and the crisis are growing. He could not tell when and how the bubble will burst, but he thinks lending money to creditors for 30 years and only takes 3% to 4% annual interest rate is a very unreasonable. In the short term, because there are more people to buy U.S. Treasury bonds, interest rates will be cut for a short time, but on the long run interest rates will surely rise. Therefore, China should further expand the U.S. Treasury holdings, or else China will suffer losses.

By People's Daily Online