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Chasing Bonds Rally Is ‘Terrible Mistake’: Jim Rogers

January 20, 2009
Reuters
1/19/2009

The global financial crisis has only strengthened renowned international investor Jim Rogers’ acerbic criticisms about the U.S. economy and his resoundingly optimistic view on China’s future.

Rogers, co-founder along George Soros of the Quantum Fund, railed at the Federal Reserve and incoming U.S. Treasury Secretary Timothy Geithner, while also saying the high saving rate and solid fundamentals in China make it a powerful force to be reckoned with.

“This is going to be the new centre of the world, not just the financial but the political world,” he said at the Asian Financial Forum in Hong Kong.

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