Jim Rogers: U.S. inflation data is “a sham”

 EmailPrint This Post Print This Post

U.S. government inflation data is “a sham” and is causing the Federal Reserve to vastly understate price pressures in the economy,  said Jim Rogers. The U.S. central bank uses inflation data that relies too heavily on housing prices, Rogers told the Reuters 2011 Investment Outlook Summit, and he criticized the Fed’s $600 billion bond-buying program.

“I expect interest rates in the U.S. to go much, much, much higher over the next few years. Real assets are the way to protect yourself. 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. Rogers also said the price of gold will eventually rise above $2,000.

Part 1

Part 2

Part 3

Part 4

Source: Reuters, December 7, 2010.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

OverSeas Radio Network

Leave a Reply

  

  

  

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Top 100 Financial Blogs

Recent Posts

Charts & Indexes

Gold Price (US$)

Don Coxe’s Weekly Webcast

Podcast – Dow Jones


One minute - every hour - weekdays
(requires Windows Media Player)
newsflashr network
National Debt Clock

Calendar of Posts

Feed the Bull