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Alex Garcia
Alex Garcia
Articles (102) 

Jim Rogers on CNBC Kudlow Report 10/22/10

October 25, 2010

Appearing the Larry Kudlow's show, Jim Rogers discusses a possible dollar resurrection, with Andy Busch, BMO Capital Markets. Jim Rogers has been short the dollar due to continuous money printing which over the long and short term devalues the $USD. But, on several interviews, Jim Rogers often refers to trading the dollar on a short term basis as a contrarian play and the possibility of a short squeeze. It appears he is long for the dollar for now as it is so low and there are so many bears, that he "expects it to rally for a while."

Rogers continues to disagree with the policies of Geitner and Bernanke stating that Geitner has been wrong for 15 years. On the other hand, if the dollar rallies, Jim Rogers is staying away from Gold and commodities.

"If the world economy gets better, I want to own commodities because there are shortages developing. If the world economy does NOT get better, I want to own commodities because then the governments are going to print money."

About the author:

Alex Garcia
Alejandro Garcia, B.S. Business Admin-Option in Finance, is a private value investor who uses his blog to write about his experience with Joel Greenblatt's Magic Formula.

Rating: 2.5/5 (8 votes)

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