Exclusive Interview with Jim Rogers: Inflation Is Coming [View article]
I guess the two investors I admire most are Rogers and Buffett. So I'm torn between their public statements on the future. Buffett says he is out of bonds in his personal account and getting long domestic stocks. Rogers says get out of the dollar. It's finished as the world's reserve currency. Inflation is coming big time. I can't argue with his reasoning. The US owes 13 Trillion and will continue to print money until all the trees are gone. We have promised 50 T to the baby boomers for medicare and of course social security adds to the looming deficits. And I haven't totaled the stimulus coming, nor the tarp, etc. That means, higher interest rates and that can't be good for stocks. A weak dollar can't be good for any nation long term. So who is right about the long term viability of our economy? Buffett or Rogers? Or are they not mutually exclusive? Can they both be right? I'll take your answers off the air.
Exclusive Interview with Jim Rogers: Inflation Is Coming [View article]