Jim Rogers: Fed Will Launch QE3 by Q3

Money News.com
July 19, 2011

International investor Jim Rogers expects a third round of quantitative easing by the third quarter of this year.

The head of Rogers Holdings expects this will happen "in the fall or early next year,” Rogers told CNBC, as FT Adviser reported.

"It's the wrong thing to do but that's all they [US policymakers] know to do. They are not very smart people so you better own commodities," says Rogers.

"They will see things not getting better and will do what they do."

Jim Rogers (Getty Images photo)

Rogers comments came after U.S. Federal Reserve chairman Ben Bernanke hinted the Fed might provide "additional policy support" should economic conditions warrant it, indicating that a third round of quantitative easing may be offered.

Commenting on the bond market, Rogers said "I have no idea what can cause the bond market to rally but I don't think it will rally any time soon."

"If the world economy gets better I will make a lot of money on commodities because of the shortages,” Rogers says.

"But if the world economy doesn't get better I'm probably going to make money on commodities too as they will print more money.”



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