Jim Rogers: Many people will get hurt when the bubble bursts

ET Now, Released on 11/26/21

The global equity markets are witnessing a downtrend amid high inflation worries and fears from rising cases of the new COVID variant. The inflation is expected to increase going ahead, says Jim Rogers, Author, Street Smarts: Adventures on the Road and in the Markets. Speaking to ETNOW, Rogers said that the asset purchases across the world was leading to inflation. “When things get overpriced, inexperienced people enter leading to a bubble,” he said and believes a lot will get hurt when the bubble bursts. There’s always very wild crazy moves called a blowoff towards the end of bull market, he added. Watch his views on commodity and equity markets and his outlook on emerging markets.

Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before “retiring” at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys – once by motorcycle and once by car – and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has served as a professor at Columbia University, started his own commodity index and is a frequent media commentator worldwide. Rogers has also authored six books. He currently lives in Singapore with his family. Jim has authored a half dozen books, including: Investment Biker: Around the World with Jim Rogers (NYTimes Bestseller), Adventure Capitalist, Hot Commodities (NYTimes Bestseller), A Bull in China, A Gift to My Children, and most recently, Street Smarts

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