Well, if you have been following Jim Rogers as of late, you know he has been bearish on long term U.S bonds. Jim Rogers is now on record as saying long term bonds are in a bubble.
“Why anyone would give money to the United States government for 30 years at three or four percent is beyond comprehension,” said Jim Rogers, chairman of Rogers Holdings in Singapore, in an interview on Bloomberg Television. “Everyone is pumping bonds like crazy. It’s clearly a bubble.”
Source: http://www.bloomberg.com/apps/news?pid=20601087&sid=aJQ4qKRZ5OGQ&refer=home
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December 7, 2008
Interviews