Tuesday, January 28, 2014

Jim Rogers: Tapering will be 'Disaster for The World'

Influential investor Jim Rogers has warned about the impact of the US central bank's tapering plans, saying they will be an "unmitigated disaster".

His concern is despite US stock markets looking likely to end 2013 on a high and signs of recovery in the eurozone.

Mr Rogers told Sharanjit Leyl: "This is the first time that all the central banks are printing staggering amounts of money at the same time. There's an artificial sea of liquidity... This is going to be a disaster in the end."

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