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Jim Rogers Sees Two Bubbles: US government bond market is one

"I only see two bubbles in the world, one is the Chinese urban to real estate and the other is the United States’ government bond market". What are you shorting? I am shorting a stock market index in the US, I am shorting an emerging market index and I am shorting one of the large western international financial institutions. It is an emerging market index; it is not a specific country. It is an index of many emerging markets and that is mainly because the emerging markets have grown the most during the past few months of this big recovery. So that is where some of the excesses are developing. As for the large western bank, it is a bank which people think is extremely sound. If I am right, there are going to be more currency problems and more turmoil in the markets, it will have to come down.

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