Jim Rogers: Central banks would come to market rescue if issues flip shaky: Jim Rogers

NEW DELHI: Funding guru Jim Rogers says central banks globally would come to the market rescue if issues go downhill from right here on.

Rogers mentioned when issues begin shaking for some time, central bankers panic and they’d do something they will to save lots of the bubble, the bull market and prosperity.

“If one thing causes the markets to go down, whether or not there’s a new virus or no matter, central bankers would get scared and they’d do one thing to save lots of us all,” Rogers mentioned whereas answering a query.

In an interview with ET NOW, Rogers mentioned shares like Amazon and Google are wildly costly within the US market. He mentioned shares reminiscent of Samsung and sure Japanese shares go up daily and could possibly be in a bubble, however not every part.

“I’m not promoting but as a result of I can see there are plenty of shares which have nonetheless not skyrocketed. When every part skyrockets, then you already know we’re very near the highest after which possibly I ought to get out,” Rogers mentioned.
Rogers mentioned when issues get overpriced, inexperienced folks enter the market, resulting in a bubble.

Lastly, he mentioned one of the best commerce for subsequent 12 months could possibly be agriculture.