Jim Rogers, chairman of Rogers Holdings, talks about his investment strategy. from Singapore with Susan Li on Bloomberg Television's "First Up." Rogers also comments on Europe's sovereign debt crisis, the Federal Reserve monetary policy, and the U.S. economy.
Rogers says he does not pay too much attention to the ratings agencies' upgrades and downgrades, as their track record has left him with very little confidence. Markets may rally on certain short-term fixes or good news, but until some resolution comes to the mountainous sovereign debt, no rally will last.
He also commented that QE3 is already underway if you look at the huge jump up of M2 money supply since August (see chart below). In Rogers' words...
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