“If Sam Molinaro had been around longer than 22 years,” our friend Jim Rogers commented in an interview with CNBC’s Christine Tan, “he would have said this is the worst fixed income market he’d seen in 40, 50 or 60 years.”
“We have never had this kind of bubble in the credit market,” Rogers said. “These guys still have a long way to go,” Rogers wrote the foreword to a book we wrote with Bill Bonner in 2001. In the foreword, he suggested that Fed policy in response to the collapse of tech stocks on Wall Street would mutate a stock market bubble into a “housing and consumption” bubble. His words couldn’t have been more prescient.
“We have never had this kind of bubble in the credit market,” Rogers said. “These guys still have a long way to go,” Rogers wrote the foreword to a book we wrote with Bill Bonner in 2001. In the foreword, he suggested that Fed policy in response to the collapse of tech stocks on Wall Street would mutate a stock market bubble into a “housing and consumption” bubble. His words couldn’t have been more prescient.
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A long dinner with Jim Rogers? Try watching the Riverside Conversations.
Discussions on world events, emerging trends, and the markets with Jim, Marc Faber, and guests.
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