Salient to Investors:
Jim Rogers said:
- Fed policy is incompetent and the Federal Reserve should be eliminated. The world has survived just fine without central banks for most of its history,
- America has had 3 central banks – the first two disappeared – and this one will self-destruct because it keeps making mistake after mistake and printing money.
- Stocks could go on for a while but will crash someday because of the artificial sea of liquidity.
Alan Greenspan said the equity premium is still way below normal so to say that the market is bubbly is overstating it.
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