Market Overview

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

Share:
Related SPY
Best And Worst ETFs Of The Week Amid Independence Day Celebration
S&P 500 Index Futures Unchanged
U.S. Private Payrolls Increased 223,000 In June (Seeking Alpha)
Related GLD
UBS Asks, 'Is Gold Ignoring Greece?'
StockTwits Taking Notes On Greek Banking Meltdown
Gold Drops To 3-Month Low Below $1160 (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)

Around the Web, We're Loving...

Get Benzinga's Newsletters