Some days, all I have to do is quote:
Central banks around the world have been easing big-time over the past five years, and the results won't be pretty, says star investor Jim Rogers.
"The central banks have been printing staggering amounts of artificial liquidity," he told Reuters TV. "It's going to come to an end. I don’t know if it's coming to an end now. When it does end, we're all going to pay a terrible price."
Financial markets will then drop 10% to 20%, Rogers said. Federal Reserve Chair Janet Yellen, "who's just an academic and bureaucrat and doesn't know much, will panic," he said.
"So central banks will start up again printing money. Markets will have a big rally. That will probably be the last time around and might end in a bubble."
As for the dollar, which reached a six-year high against the yen and a two-year peak against the euro three weeks ago, "I have no confidence in its long-term strength," Rogers said.
"I only own it because I expect all this turmoil to happen. In times of turmoil people flock to the safe haven of the dollar. It's [actually] not a safe haven, but they think it is.
The financial and economic harmonic tremors are getting stronger all the time, folks....
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