ETF Investors Back Rogers' Global Outlook
by Don Dion
In the battle of Roubini versus Rogers on the future of the global economy, it seems ETF investors are standing behind Rogers.
Roubini believes that by excessive borrowing of the cheap U.S. dollar, investors are fueling an enormous asset bubble. When the dollar eventually reverses its downward path and appreciates, this bubble will explode and bring nearly everything down with it. Fearing this predicted explosion, Roubini has explained that he is not buying stocks, but may hold more gold.
Rogers, on the other hand, does not feel that this global bubble exists. He notes that, although many asset classes have seen a lift as of late from the dollar's weakness, emerging markets and commodities are still well off their all-time highs. Rogers recently explained to Bloomberg News that, "It is not a bubble if something is up 100% this year, but down 70% from its...
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