Jim Rogers : "The only bubble I see developing in the world right now is in long-term government bonds in the United States. The idea that somebody would lend money to the United States for 30 years in U.S. dollars at 4 or 5 or 6 percent interest is incomprehensible to me. I'm not short of bonds right now because the government keeps driving them up—I don't know how long they're going to do it—but I do suspect and hope that sometime in the next year or two, I'll be short of U.S. government bonds, because that's the only bubble I see developing."
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Hello. Observing the current development of the economical situation in the US I am not very optimistic even though I'd love to be. The unemloyment rate is getting higher, most Americans have loans, but don't have enough money to pay for them and the American dollar is fixed by a flow of the Fed money. However, the government can't fix the currency this way forever, so sooner or later the US dollar will lose its value.
ReplyDeleteAll the best,
Julie