Rogers touts commodities on CNBC, but will they listen?

February 7, 2011 06:18 AM

Jim Rogers was on CNBC last week to give his investment outlook going forward. As expected, he pushed the advantages of currencies and commodities, particularly foodstuffs right now, much to the chagrin of the CNBC hosts apparently. Instead of asking why he made those picks, the hosts practically berated him for not wanting to own equities. Rogers holds his own, though, explaining the fallacies being touted about farmers, energy and speculators.

When he is backed into a corner about equities, Rogers says he is short emerging markets and the Nasdaq, and questions why more investors are not investing in commodities. He even suggests the channel name should be changed to CommoditiesNBC.

The full video clip is below. After watching it, tell us what you think. Are we facing $150/barrel oil? What is your take on commodities vs. equities?

About the Author

Michael McFarlin joined Futures in 2010 after graduating summa cum laude from Trinity International University, where he majored in English/Communication. With the launch of the new web platform, Michael serves as web editor for the site and will continue to work on the magazine, where he focuses on the Markets and Trading 101 features. He also served as a member of the Wisconsin National Guard from 2007 to 2010.