miercuri, 7 noiembrie 2012

Investors believe that the U.S. money printing press will go crazy

Investors should prepare for price increases and new expansionary monetary policy from the Fed after the current president, Barack Obama won a second term, according to Jim Rogers, co-founder with George Soros of Quantum investment fund.  

U.S. Federal Reserve (Fed) lowered in recent years monetary policy rate close to zero and make important purchases of bonds to lower borrowing costs in the long term. Even before Obama won the estimates are presented as more television stations, Rogers rejected his hard on both candidates, calling them "evil," writes CNBC. Quantum co-founder said he expects Obama's policies lead to increased commodity prices and the weaker dollar. "If Obama wins there will be more inflation, more debt, print money and higher expenses. It will not be good for anyone. I think that printing money will go crazy now, as well as expenses, "he said. Rogers said he did not vote for either of the two candidates, "because they are both evil."

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