Jim Rogers - Bond Bubble

Read this article from Reuters about Jim Rogers and his opinions on the bond market. See article below.

NEW YORK (Reuters) - Investor Jim Rogers, a prominent commodities bull, said on Thursday the U.S. government bond market will be the next bubble to burst due to unsustainable borrowing, and agricultural commodities and precious metals are among his favorite investment picks.
Rogers also said stock markets could head for a pullback following a strong rally.

"It's overdue for a correction. Certainly, it would not be surprising if there were a correction after a straight-up move for six months," Rogers told Reuters Television in an interview.

He was not "selling the market short," and the equities market could keep rising for a long period of time, Rogers said.

After the Reuters interview, Rogers said at a seminar hosted by ETF Securities that the bull market in U.S. Treasuries has come to an end.

"The next bubble that I see developing is in the United States government bond market. It is inconceivable to me that anybody would lend money to the U.S. government for 30 years in U.S. dollars at 3 to 6 percent interest rate," he said.

"So, somewhere along the line, this bubble is going to pop. If any of you own bonds, I'd be terribly worried, I would think about getting out of the bond."