Monday, November 25, 2013

Jim Rogers hopes Janet Yellen is smart

Mr. Bernanke is certainly not going to stop it [money printing], because he doesn’t want to go down in history as causing the collapse. 
Mrs. Yellen, when she comes in, she’s not going to stop it, first of all she doesn’t believe in stopping it, she thinks printing money is good. And she knows – I hope she’s smart enough to know – that if she stops, oh my gosh, it’s going to collapse. So she’s not going to stop. Nobody wants to go down as causing the collapse of the world. So I’m afraid this is going to go on until the market eventually says to them, “Okay, enough is enough,” we have a big collapse and then they’re all thrown out and we can start over.

Jim Rogers

Warren Buffett

Nouriel Roubini