The election results in the United States of America set analysts on fire as they started to spread all kinds of predictions on how they think the next four years will go. Barack Obama securing a second term made some optimistic, while others are quite fearful. Among the second group is Jim Rogers, as his recent comments show little confidence in the USA economy and in the future.
The world famous investor Jim Rogers was quoted as saying that he feels money printing is going to run amok now. He added that he had to invest based on what’s happening and not what he would like.
An Obama victory has many worried that rampant money printing will continue, as the open-ended QE3 from the Fed has been met with much opposition. Still, monetary policy is at the will of the Fed, not Obama. Bernanke’s term does not end for another two years, so a Romney victory would likely have had little sway over the current policy.
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