So out of the millions of people a handful of people actually do know that the market is being pumped to all time highs with nothing but worthless trillions.
As Rogers mentioned "I'M somewhat skeptical because I know it's going to end badly"
He is exactly right, its hard to take notice of the situation when the market is breaking new highs every single second of the day and the fed is just pumping and pumping billions and billions of dollars, but when the money printing ends and the economy is left to stand on its own, which it wont be able to due the easy money policies put into place, the market is going to fall very quickly, everyone knows the market takes the stairs up and elevator down and for anyone to believe this is a healthy, natural market place is going to be proven extremely wrong when everything starts to unwind, it might not happen in the next month or year or 2, but when it does it will look worse than 2007!
On the stock market hitting all-time highs, Rogers said that "it is very artificial. If you give me a trillion dollars, I'll show you a good time too and a lot of people are having a good time. I'm somewhat skeptical because I know it's going to end badly."
"I'm certainly not investing in the U.S., because the U.S. is making all-time highs based on money printing," he said, adding that he's put money in Russia and Japan recently. "The whole world is benefiting from all this money being printed, but there are better places than where the all-time high is."
http://www.cnbc.com/id/100600824
As Rogers mentioned "I'M somewhat skeptical because I know it's going to end badly"
He is exactly right, its hard to take notice of the situation when the market is breaking new highs every single second of the day and the fed is just pumping and pumping billions and billions of dollars, but when the money printing ends and the economy is left to stand on its own, which it wont be able to due the easy money policies put into place, the market is going to fall very quickly, everyone knows the market takes the stairs up and elevator down and for anyone to believe this is a healthy, natural market place is going to be proven extremely wrong when everything starts to unwind, it might not happen in the next month or year or 2, but when it does it will look worse than 2007!
On the stock market hitting all-time highs, Rogers said that "it is very artificial. If you give me a trillion dollars, I'll show you a good time too and a lot of people are having a good time. I'm somewhat skeptical because I know it's going to end badly."
"I'm certainly not investing in the U.S., because the U.S. is making all-time highs based on money printing," he said, adding that he's put money in Russia and Japan recently. "The whole world is benefiting from all this money being printed, but there are better places than where the all-time high is."
http://www.cnbc.com/id/100600824
Economy is not about money printing, its about people, how productive, innovative, hard working they are and how much they can produce real goods. Money printing might get US into a mess, but in effect its just additional tax on US people (and while currently inflation is exported to china that tax is not visible). This will not affect US economy in the long term, unless US continue with socialism and big government