Interview with Chairman, Rogers Holdings

Global equity markets have been rattled by the comments of the US Federal Reserve that it might wind down the $85-billion-a-month bond-buying programme. On the other hand, investors in the commodity space, especially in gold and crude oil, have seen the value erode with the prices of these two commodities on a downward spiral. Jim Rogers, chairman of Rogers Holdings and author of Street Smarts: Adventures on the Road and in the Markets tells Puneet Wadhwa in an interview most central banks have injected too much liquidity, which is not sustainable. All this will end badly for investors, he says. Edited excerpts:

What is your interpretation of the key US economic data and the recent statements by the Federal Reserve and the Bank of Japan (BoJ)? How stable and dependable is the macroeconomic recovery?
The recovery, in my opinion, is fragile. Central banks in America and elsewhere have been printing and pumping in huge amount of money into the world, which is also flowing into other economies. This has never happened in the recorded history and unfortunately, I think all this will end very badly for investors….ENTREVISTA COMPLETA