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?