Jim Rogers is talking bubbles on Reuters Insider. Here he discusses why he thinks U.S. government bonds are the next big one.
“Well, bubbles are when everyone’s talking about it at the cocktail parties and when you walk, the TVs are turned on to whatever it isâ€¦. [T]he U.S. government long-term bond government bond market is probably the next big bubble. The idea that somebody would lend money to the United States government for 30 years in U.S. dollars at 3% or 4% or 5% or 6%, I mean, that’s just ludicrous to me. That’s a bubble.”