Jim Rogers continues to see economic problems down the road according to the latest interview with Reuters. While he does not see much worth purchasing, he continues to hold no shorts.
“I have no shorts for one of the first times in my life” told Reuters TV in Singapore. “On the other hand I don’t see much to buy.”
He said huge borrowing by governments, particularly in the United States and Britain, would hurt their currencies and lead to future problems, though he picked the Canadian dollar CAD= as one of the “soundest” currencies. “I’ve got out of my pounds. I will be getting out of my (U.S.) dollars soon,” he said, repeating his view that commodities were the best place to be with metals having gained more than stocks this year and long-term potential for soft commodities.
Click here for the complete Jim Rogers-Reuters interview
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June 25th, 2009 at 8:43 pm
I’m sending this to my wife to watch. Finally, someone credible that might convince her that money does not grow on trees!
Mac