In this second clip from Jim Rogers on CNBC yesterday Rogers talks with a pure bond salesman. The stupditiy of Wall Street sale robots is amazing. Watching this makes on wonder if he knows anything about basic stock trading strategies or anything that he is talking about.

You have to be worried about all of the incredible deficit spending and it makes no sense to buy bonds and get microscopic yields in this market environment when we face endless deficits and inflation risk down the road.

Even buying bonds blindly makes no sense to Lawrence Kudlow. People like the bond robot is the reason why the Wall Street credit crisis began in the first place. "Compared to what" - how many said that type of thing about real estate a few years ago.