Chi-Santorelli: Following President Trump signing off on the pandemic relief bill and the House vote to increase the stimulus checks we’re seeing global stocks head for a fresh record in these final days of 2020. But you said that you think that stocks may be in a bubble? Could you elaborate?
Rogers: This is not a full fledged bubble yet. But if you look at some, you know, electronic or technology stocks that go up all over the world like Samsung, Tencent and others, they’re going up and a bubble is developing. You having a whole new crowd of investors come into the market who don’t know all the signs are there. It’s not a full fledged bubble yet, but I can see signs of a bubble developing. I’ve seen this movie before.
Chi-Santorelli: So when you say that a bubble is developing, combined with the trillions of dollars central banks and governments are pumping into the global economy at the moment, should we be worried?
Rogers: Well, I’m not sure about anything. I think I see what’s going on. I think I see the bubble developing, the bubble will become bigger and bigger, probably during 2021. But later in the year, the bubbles probably going to pop and a lot of people are going to suffer. I don’t see any reason to be worried right now. Mr. Biden, and his crowd all wants to spend money and they will.