Legendary Investor Jim Rogers to the Economic Times :"Well, I do not pay that much attention to the Federal Reserve. The Federal Reserve basically follows the market. The market has a lot more money and a lot more power than any central bank, including the Federal Reserve. The people or bureaucrats would follow the markets for the most part. The market is already getting hesitant as you probably know. Long-term interest rates have been going up in the past few months. The long-term bond in America made its peak several months ago, so I would watch the markets more than the Federal Reserve, if I were you. The markets are getting leary of all this money printing, which has been going on and as you know, central banks have been buying bonds in a huge way. The markets are getting suspicious and leary of that including me. So I would suspect you will see higher interest rates in the next year or so. "read the full interview >>>
No comments:
Post a Comment