Jim Rogers: Bonds will be a terrible investment for next 10,20 years

From Bloomberg:

Legendary investor Jim Rogers says bonds will be a “terrible” investment as economic problems may persist until 2010.

“Stocks in the West are still expensive on any historic valuation method,” while “bonds are going to be a terrible place to be for the next 10, 20 years,” Rogers, chairman of Singapore-based Rogers Holdings, said at a conference in Seoul today. Equities in the West will be “in a trading range for years to come,” he said.

Full article – Bloomberg: Global Stock Market Rout May Continue, Rogers Says