Market Overview

Jim Rogers: "I Am Short Stocks and Long Commodities"

Share:
Related SPY
Q&A With Hedge Fund Industry Expert Don Steinbrugge: Rituals, Role Models And Investing In Cannabis
17 Must-Watch Metrics In The New Trump Era
10% Correction Market Post Inauguration (Seeking Alpha)
Related GLD
Trump Dump? Market Sells Off During Trump's Inauguration Speech
Technical Alert: Gold Futures Hovering At $1200
Sentiment Speaks: Your Human Brain Makes You Bearish, Not The Market Or News (Seeking Alpha)

Legendary investor Jim Rogers, in an interview with CNBC, has said that he is short stocks and long commodities as he fears a worse recession in 2013-2014 than the Great Recession of 2008-2009. The Co-Founder of the Quantum Fund, along with infamous investor George Soros, has acknowledged that his views fit best with the Austrian School of Economics, and it is this view that makes him fear a deep recession in the near future. He said, "In 2002-2003, we had a recession with little debt. In 2008-2009, we had a bigger recession with more debt. Now, we have more debt than ever." Mr. Rogers also said that he is long gold and adding to his position.

Posted-In: CNBC Long Ideas News Short Ideas Commodities Insider Trades Hot Intraday Update

 

Related Articles (DBC + GLD)

View Comments and Join the Discussion!