Market Overview

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

Share:
Related SPY
Citigroup Questions Conventional Wisdom Of Bond & Equity Relationships
U.S. Dollar Books 7th Consecutive May Gain
NexPoint Credit Strategies Fund: The High-Conviction Activist Fund (Seeking Alpha)
Related GLD
June Gold Futures Fail To Rebound
A History Lesson With Gold ETFs
Ratio Still Points To Higher Oil Prices (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!