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Rogers Holdings chairman Jim Rogers explains why money printing is bad news for the markets.
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A -- -- of the Dow hitting again up 141000 mark.
I did today I hit intraday basis we're naming after the close that we'll have to wait and see but Jim Rogers says -- to hold on about enthusiasm.
Because bad news on the horizon for US investors he of course is the chairman of Rogers holding and author of street smarts adventures.
On the road and on the markets you've got a lot of adventures in -- -- times them.
You say that weren't for about wake up call that is because of the -- -- Japan.
But you're reasoning is coming from explain that.
But the Bank of Japan has said that they're going to print unlimited amounts of money.
Now that's not good news then mister Bernanke said well I'll match that out Fred lots of money took.
The Germans I mean the Europeans are catching on you -- money printing going on everywhere -- -- that has never been good for anybody in this great for a while.
-- -- Good -- if you look back at market performance especially those large -- -- thinking your McDonald's companies that benefited from a weak dollar when it came international sales and -- is -- we've obviously is international.
Jim it was good for US stocks for those Dow components why would this not.
Be any different to you -- know it is good it's great everybody's having a good time and the Germans have an election this year they're gonna have a lot of good news coming out so she mrs.
Merkel can win the election.
But this is artificial.
Printing money Cheryl is artificial.
That's do seeing everything up a billion something and then eventually it gently but you don't think -- -- over the next couple years that as they begin to scale back and we know that that -- that targeted six point 5% unemployment that you don't think that by the time that that hits the tape if you well.
That the economy is going to be.
-- -- overall the US economy -- -- -- he will be an artificial recovery how I suspect that after the German election.
In the following you'll start to see the world economy.
Slowing down no matter what governments do jump into your at your unflappable today you know -- in -- -- for you'll watch Quantum fund with George Soros of course and investors -- your returns were.
Were amazing at that -- what are you doing now.
To book big returns.
My book is coming out today show of street smarts is coming out event that -- -- -- simply a bigger problem happened -- this I agreed to work.
I mean I I've invested in some currencies around the world I have investments in real assets commodities column what you will because.
They're printing money -- throughout history show when they print money.
The way to protect yourself -- -- own real assets that stocks are going through the group also I happen to be worried about stocks because I know what's artificial.
Let's talk about about emerging markets in particular about China again that is when you're you're living in Singapore.
You don't -- an Asian economies others some concern about China in particular you'll look at the growth rates -- that they can't sustain 8% some say that that the data we get out of the Chinese Government it's hit even.
Trust the currency -- can go.
On and on and on -- Now I don't trust the data from any government including the US -- -- honey I'm -- thanks guys we know the governments lie to us all the time that you have to reported but we know there a lot.
I don't know whether China's growing at 3% to 33%.
But I do know they're booming I know there's a lot of good stuff going on in China as lot of good stuff going throughout Asia.
What are the things that that -- is generally seen as of the last years and we hope this doesn't play out once again.
I don't want to see history 2013.
We as strong first half of the year and something happened.
Usually it was -- Washington business to be downgrade debt ceiling debate take your pet.
And then with fall off -- clipped a -- do you see that happening machine.
After a half to the election in Germany in this follow yes I expect that things will be bad in the world economy even -- -- like four times.
Well I mean mrs.
Merkel is gonna put out a lot of good news and she's got to -- one of the largest economies in the world.
Her bank and Central Bank in Europe is printing money as well now.
-- everybody's putting money but surely cannot go won't this is all artificially living in a in a fool's paradise.
If the world economy's going to be based on printing presses.
That's a -- -- I keep thinking -- a lost decade.
Japan's second -- Rogers thank you very much congratulations on the buck thank -- RA had two lost decades.
Hillary got her right thank you Jim gives you thank you.
