Friday, May 10, 2013

Jim Rogers: No inflation in US is not true

I do know governments keep telling us prices are down - at least, the U.S. government does. When I'm in the U.S., I see prices have gone up for just about everything - except maybe in housing. So it's peculiar to me that they keep telling us there's no inflation. Look at education, look at medical care, look at insurance, and look at entertainment. I don't know if you've been to baseball game or the theater or anything recently, but these prices are up, although they say that they aren't - or, at least the U.S. government does."

But many governments acknowledge that there's inflation ... including India, China, Taiwan, Norway and Australia. I find it very peculiar that so many places in the world have inflation, but there's no inflation in the U.S."

Jim Rogers

Warren Buffett

Nouriel Roubini