Inflácia alias 70-té roky

Komoditný guru Jim Rogers varuje, že svet môže byť na ceste k inflácii, aká bola v 70-tych rokoch minulého storočia. Za niekoľko rokov by ceny komodít mohli vzrásť ešte vyššie, aké dosiahli v inflačnej ére 70-tych rokov.

Commodity guru and reknown investor Jim Rogers warns that the world could be heading again for 1970s-style inflation.

He said while concerted government efforts to bail out economies may have averted a depression, it would eventually lead to spiraling price increases.

"Whenever governments print a lot of money, you get inflation. That is the way the world has always worked," he said.

"I am sure inflation is going to go to levels seen in the 1970s, if not higher. It is not necessarily going to happen this year, but certainly over the next few years."

Rogers believes that the inflation risk would be more acute in China as exchange controls would trap funds and restrict outflows.

"It (the money) has only so many places it can go. You cannot go and buy a house on the (French) Riviera. More and more overseas Chinese investors would want to keep their money in yuan, as they know it would appreciate later.

"Governments around the world are going deeper and deeper into debt and this has got to be financed. Someone will have to pay higher rates eventually, " he said.

"Interest rates have already gone up to some extent. The US long-term government bonds market has already dipped beyond its low. The US government is trying to hold down interest and mortgage rates but there is only so much they can do."

Source: China Daily

21.01.2010