Jim Rogers : Indian equities not cheap
In a recent interview with ET Now (India economic Times www.economictimes.indiatimes.com ) dated 10 Aug 2010 Investment guru Jim Rogers from Singapore spoke about a variety of topics including the bonds bubble , the financial reform agricultural commodities and the Indian equities among others....Jim Rogers :"Bonds never go down. Bonds have been going up in the United States for about 30 years now. There have been a few corrections but very few, and yields in the United States are very, very low on any historic basis anywhere in the world. This is just not normal. The government bonds yield this little and especially in a country which is the largest debtor nation in the history of the world and with gigantic amounts of bonds yet to come. In my view too, there is going to be much more inflation which will cause yields to go higher and higher. I am not sure about bonds yet, have not been for long time, but I see a bubble building. Eventually, I hope I am small enough to sell them short."
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