Rogers: US bright spot is just pre-election phenomenon

Veteran investor Jim Rogers said he is sceptical about the prospects for the US economy this year despite a recent string of positive economic data from the country.

In recent weeks, improved leading indicators, including job market data, has raised hopes the US economy will prove strong in 2012 and beyond.  But in an interview with India's Economic Times, Rogers said: "Of course you have the American government spending staggering amounts of money right now, printing a lot of money and getting ready for the election." "It happens every four years in America. They do their best to get the economy juiced up so they can win the election." According to Rogers, the fact there will be 40 elections held worldwide in 2012 means a recovery from the gl...