But don't confuse strength in such "risk" assets with an improving economy, says Jim Rogers, chairman of Rogers Holdings.
"When you print a lot of money, the people who get the money are better off -- there's no question about it. But the country, the world is worse off," Rogers says. "Sure some of us feel much better, especially people in the financial markets but...the world is not getting better. The world is getting worse."
Sticking to themes he's expressed here (and other venues) for many months, the legendary speculator remains bullish on "hard assets," notably precious metals and agricultural commodities.
"Gold could correct for a few months [but] the bull market in gold is not over - far from it," he says. "I'm much more bullish on agriculture than I am even on gold. I own both. You should become a farmer - farming is going to be a great, great profession."
Rogers predicts "more turmoil" in the currency markets, more problems in the stock market, weakness in bonds and, ultimately, inflation.
"Central banks and governments are going to print money until we run out of trees. It's outrageous," he says. "Printing money is not the right thing to do, but they don't know that. Eventually, they'll run out of trees."More Here..
CONSUMER DE-LEVERAGING = COMMERCIAL REAL ESTATE COLLAPSE