High Inflation on Rise in China

China's CPI rises almost 5%, with food prices surging. Producer prices are also on the rise, while China posts its second trade deficit in a year.

Jim Rogers : the only bubble that I see in public markets is the long-term government bond market in the United States.

Wall street king and commodities legend  Jim Rogers  told ET Now recently about his contrarian investment aproach : ."...I will tell you what I am doing. I am selling short United States government bonds, the long bonds. Everybody seems to be optimistic. Even I felt unsure when Mr. Bernanke said he was going to buy them. I thought I was being foolish, but I am making a little bit of money right now. But as I look around the world, that is one of the few bubbles or potential bubbles that I see. Well, one should go the other way where there is a market, there may be a bubble in Chinese urban real estate. It is not really many ways for me to play that but the only bubble that I see in public markets is the long-term government bond market in the United States. ...."