Legendary investor Jim Rogers chats with Bloomberg TV in this recent in-studio appearance from Singapore. Rogers is still wary of stocks and says he's not looking to buy US shares anytime soon as the fundamentals for most companies have not changed. Jim is (of course) still bullish on commodities and feels that the increased money printing worldwide will surely lift the price of much-needed agricultural products in the subsequent inflationary period.
Most noteworthy, perhaps, are Jim's latest comments on the dollar, highlighted in this Bloomberg article:
"...The dollar’s rally is set to end in a “currency crisis,” investor Jim Rogers said, adding that he may bet on a slide in equities after nine weeks of gains.
The advance in the U.S. currency has been driven by investors covering their short sales, Rogers, 66, said in an interview with Bloomberg Television in Singapore. He may consider adding to his holdings of the yen and prefers the euro to the dollar or the pound, the investor added.
“We’re going to have a currency crisis, probably this fall or the fall of 2010,” Rogers said.
“It’s been building up for a long time. We’ve had a huge rally in the dollar, an artificial rally in the dollar, so it’s time for a currency crisis.” "
Plenty more from Jim on the various global currencies and more in the full interview above. Enjoy.Any source
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