“The Federal Reserve is artificially boosting the economy with its massive easing campaign, and it’s all going to end in tears, says legendary investor Jim Rogers, chairman of Rogers Holdings.
“Right now, we have a very artificial situation. You have the central bank in America printing staggering amounts of money,” he tells Newsmax TV in an exclusive interview.
“There’s this gigantic artificial flow of money floating into our economy, and this is going to end badly because it is artificial.”
So how long will the Fed’s quantitative easing ($85 billion of Treasury and mortgage-backed securities purchases a month) last?
Fed Chairman Ben Bernanke has said it’s going to continue till 2015, Rogers says. But some Fed officials have voiced hope that QE can be curtailed starting this year.
These folks “are not happy about this staggering amount of money printing because they know it’s going to have bad consequences,” says Rogers, author of the new book “Street Smarts: Adventures on the Road and in the Markets.”…”
If you enjoy the content at iBankCoin, please follow us on Twitter
