Thursday, June 27, 2013

This is insane, cannot go on

We’re getting to that point where either one of two things are going to happen; either central banks are going to stop all this [money printing], or the market is going to force them to stop it. It looks like we may be having a juncture of both…where the Fed is getting worried…and at the same time, the market is jumping in and saying, ‘Yes, it’s insane what you’re doing, and this has to end.’ So we may have a healthy convergence of both. And if it’s not ending now, it’s going to end sometime in the next year, because this cannot go on—it’s too insane

Jim Rogers

Warren Buffett

Nouriel Roubini