“‘The U.S. is the largest debtor nation in the history of the world,’ Rogers told CNBC.com Wednesday night by phone from Singapore. ‘We may well have a big, big rally in the U.S. stock market, but it’s not based on reality. I would encourage investors to know you’re in a fool’s paradise, be careful, and when people start singing praises, say, ‘I’ve been to this party before, and I know know it’s time to leave.” For Rogers, the author of ‘Street Smarts: Adventures on the Road and in the Markets,’ it is only a matter of time until the U.S. stock market runs into devastating problems due to the Fed’s quantitative easing program and the prevalence of similar stimulative programs around the world.”
http://www.cnbc.com/id/101083671
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