Everybody is so bearish about the euro that it looks like now is a good time to buy the single European currency, Jim Rogers, chairman of Rogers Holdings, told CNBC Thursday. The only big bull markets Rogers sees in the next decade is commodities and he suggests having real assets such as cotton, silver and natural gas for protection in these markets.
On Euro: Granted any Euro rebound is a technical rally, but it could turn into something more fundamental.
On using leveraging to trade commodity: it depends how much you know about commodity.
On British Pound: no position, but expect it go a lot lower.
On emerging market: I have been shorting emerging market.
On BP situation: I am not buying BP. I have it on my radar screen. Long term, it is good for oil price.
Time to buy: when it is out of the headline.
On Shorting Financial stocks: Rogers is shorting North American major financials.
On career choices: There is a shift from financing to producing things. One should become farmer.
On Australia mining stocks: owns Australia mining stocks for the past 10 years, not buying more.
On governments' response to economic crisis: governments around the world only know to print money in face of economic trouble. As long as they do that, it makes sense to own real assets.
On Euro: Granted any Euro rebound is a technical rally, but it could turn into something more fundamental.
On using leveraging to trade commodity: it depends how much you know about commodity.
On British Pound: no position, but expect it go a lot lower.
On emerging market: I have been shorting emerging market.
On BP situation: I am not buying BP. I have it on my radar screen. Long term, it is good for oil price.
Time to buy: when it is out of the headline.
On Shorting Financial stocks: Rogers is shorting North American major financials.
On career choices: There is a shift from financing to producing things. One should become farmer.
On Australia mining stocks: owns Australia mining stocks for the past 10 years, not buying more.
On governments' response to economic crisis: governments around the world only know to print money in face of economic trouble. As long as they do that, it makes sense to own real assets.
