Market Overview

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

Share:
Related SPY
Best And Worst ETFs Of The Week Amid Greek Relief Deal
The Greece-Eurogroup Situation: A Play-By-Play Recap
There Is More To Low Commodity Prices Than A Strong Dollar (GuruFocus)
Related GLD
Market Uncertainty Is A Golden Opportunity For Some
State Street Lowers ETF Fees -- Investors Win
GLD Bearish As Greece Kowtows To The European Commission (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