Economy and Finance
Jim Rogers: I Expect Interest Rates In The US To Go Much, Much, Much Higher Over The Next Few Years
“If the world economy gets better, commodities are going to go up in price because there are shortages. If the world economy does not get better, you should own commodities, because [central banks] are going to print more money,” he said. “Real assets are the way to protect yourself.
“I expect interest rates in the US to go much, much, much higher over the next few years,” he said, adding that he is betting against US Treasuries.
The core personal consumption expenditure index, which strips out food and energy costs, is the Fed’s preferred measure of inflation. This was flat in October for the second straight month.
“Everybody in this room knows prices are going up for everything,” Mr Rogers told the Reuters Summit.
“If the world economy gets better, commodities are going to go up in price because there are shortages. If the world economy does not get better, you should own commodities, because [central banks] are going to print more money,” he said. “Real assets are the way to protect yourself.
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