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Russian Bonds a ‘Buy’ for Investors?

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    Rogers Holdings Chairman Jim Rogers on strategies to boost investors’ portfolios.

  • Duration 6:16
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-- amounts of inflows you would just say record inflows into fixed income funds.

Actually worrying some of Wall Street's top investors yesterday.

I sat down with Goldman Sachs as president chief operating officer Gary -- here's what he had to say about the trade that's been on for more than a year.

What we can tell you for sure there's a lot of money has gone into the fixed income -- We've seen two or three years of almost record -- is that where you.

It does worry me at the end of these cycles.

They take changing no one knows that the bottom of the cycle like no one knows it's the top of the cycle we've been a 32 year bull market.

Bonds.

So as a bond bubble about to burst your credit -- -- legendary investor Jim Rogers chairman of Rogers holdings and author of the new book.

I guess is about your 145.

Book now -- calls but this is the best folks.

Throw away all the others have by street smarts look at that casual Jim Rogers who I assume is standing there in Singapore which is his adopted home -- my right Chinatown in Singapore okay try to -- Bond bond traders bond traders for so often have been kind of the butt of a lot of jokes on Wall Street because they've had it's so easy for thirty years you just.

Put your money to bond fund forget now they're gonna have to work for a living.

What this year to thirty years are right now what it what are they gonna do now these bond traders and short bonds now I've been short bonds a couple of by the times in the dead wrong got stopped out -- is wrong so don't trust me for -- But I'm sure US government bonds but what happens all these bond traders what are they gonna do -- -- -- -- go bankrupt yeah.

How could I hope I'm gonna make some money towards record shop.

-- of set of them.

Jimmy you know timing is everything and so it's it's just as bad -- nearly as it is late -- you're not wrong and you heard Gary Collins at the same thing it is worrisome.

And we've watched it for more than a year where people piled into that fear trade.

But when not heard eventually shifts and moves of late it's to argue that that's happening now a lot of people going in equities.

Where who gets stampeded what can you anticipate.

The -- bear market in bonds was 35 years.

This war -- -- -- 32 years so I hope that is tonight now getting in top of -- 35 year bear market so finally.

I'll make some money where will you be long at this point -- long Russia Russia since we spoke last -- on the Ruble.

Since we spoke -- and I'm trying to by the Russian bond market speaking of bonds.

Now you -- short.

The Euro last time your are you surprised that sustained value of the Euro the -- been sustain itself pretty well -- -- -- -- them on more than -- -- stunned.

How have you lost money is I don't know and I guy got out of II period but I didn't short the eurozone and out of I was -- -- -- my euros what I there was I've bought Swiss francs.

Because I figured that the Swiss franc would go up and maybe break free.

The Euro has gone up more and the Swiss francs just speaking of time he's yes Smart I am.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Why you want everybody hates -- -- -- For 46 years I had a short bush.

Iowa for David for for like instructions but I don't like food and at all I'd sure like Russians right -- for 46 years I was very strong Russia.

Not Chang I think that they chatting mr.

Putin's checked -- seven biting the dinner.

But thanks argue that you are heavy into commodities we just had only dare -- who is -- CEO oversaw the world's largest aluminum companies doing just fine going into north nipple.

A lot of that opportunity is really there but -- then the question becomes you set on trying to buy Russian.

Down -- how what do you -- try you can't do it on the open I don't know I think having kids just have to Malaysia -- -- Hello work hard like I used Syrian -- just got to get around to -- -- when I get around to it I'm gonna buy Russian bonds okay how do you feel about US equities.

I'd rather own Japanese equities Japan is down 75%.

And different money America's -- near an all time high and they're printing money of the two loves Ramon Japan aren't.

They -- -- -- -- recession over I mean they're at their policies buying into -- you're not a big government guy and they still are right for David -- supposed to buy it though.

And I know your parents -- -- -- and sell high Japan is down 75%.

From its all time.

Many problems -- that's grounds for so long couldn't stay down a little longer -- down the rest of my life.

Could go to 50% and you'd be fighting the tape because right now you have.

You have to prime minister saying I'm mall and and he's almost behavior as the Federal Reserve here in the US did a couple of years ago.

By pouring in tons of liquidity devaluing the currency instead and I quote I would print unlimited.

Amounts of money.

You know what and he's doing and then mr.

Bernanke's and awaiting that I can do that to feel mr.

Bernanke's -- for another 45 billion dollars a month.

Meaning that everybody in the world you heard what Larry said before everybody -- -- to the bottom everybody's trying to debase our currency this is not good for the world.

-- asked about US equities and immediately went to Russia what about the United States tonight we hear from the president about the state of the union what is Jim Rogers impression of the state of the American union.

You have to ask look out the -- I mean things I'd trade yet.

I what I did I went through the -- out of our truck plant housing market what do you mean really how things are better but I mean please moves we've we've been enough.

Complicated situation some years our debt is going through the roof.

In the last five years -- -- has gone up more.

In the entire 200 years before that of the republic if this is not United States was a stock would you be long -- short -- -- short.

And he has the job be long other things against.

I think this -- had a long rushed in spite the United States had -- -- -- Japan is short the United States this is just is what's going owing countries and that in Japan by the way of.

You cannot I cannot conceivable morning five years from now but at the moment I'd rather be long Japanese stock market well it's working out without written yet recommend that we -- stocks now.

I'm an American citizen -- I'm an American taxpayer -- sort of don't get to care.

Anyway -- -- another picture of his book please street smarts is the name of the book.

-- get a full screen of the street smarts book projects okay you know what will -- went on during the hour.

Absolutely right if we're pretty regular right is better than the previous it better than a motorcycle look at all the others that airedale is area -- -- -- brought us people keep writing this better.

You're you're now the king of Singapore -- I guess somebody else's that's not true god thank you very sad -- I can't -- it.

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