Jim Rogers : The U.S. housing Market is recovering for artificial reasons

LB:  What’s your opinion on the U.S. housing market? Do you think it’s a legitimate recovery? Or do you think it’s just another bubble forming based upon runaway money printing by the Fed?
Jim Rogers :  I’d hardly call it a bubble yet. It’s recovering, but it’s recovering for artificial reasons. Yes, they’re pumping huge amounts of money into the market, not just in the U.S., but all around the world. And that money’s sloshing around. So we do have an artificial recovery. I mean, you give me a trillion dollars and I’ll show you a very good time. Some people are having a good time right now. But it is definitely artificial. - in wallstreetdaily




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%.