From Jim Rogers in Hard Assets Investor:
The only bubble I see developing in the world right now is in long-term government bonds in the United States.
The idea that somebody would lend money to the United States for 30 years in U.S. dollars at 4 or 5 or 6 percent interest is incomprehensible to me.
I'm not short bonds right now because the government keeps driving them up-I don't know how long they're going to do it-but I do suspect and hope that sometime in the next year or two, I'll be shorting U.S. government bonds, because that's the only bubble I see developing.
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