Jim Rogers On Recession and Commodities

Today I saw a great Jim Rogers interview on Bloomberg Television on the internet. I am not sure how to link directly to video replay. Instead, beside the feature article Rogers Says U.S. to Have Worst Recession `in a While' (Bloomberg) in the upper right hand corner of the screen is Related Media On Demand. Underneath that banner is a Bloomberg link to the video. The video plays for about 15 minutes.

As the article title suggests, Jim Rogers believes that the United States is headed a strong recession because of numerous excesses. Moreover the U.S. currency is a flawed currency. Regardless of what the dollar does, Jim Rogers continues to like commodities, though not all commodities. Those commodities that are near term highs—such as oil—are not his current favorites. Instead, he prefers agricultural commodities.

Rather than recap the entire video, I encourage you to view the video yourself.

On a tangential note, I am almost finished Jim Rogers' book A Bull in China: Investing Profitably in the World's Greatest Market. After I complete the book, I will have more to say; however, even now I highly recommend Jim's book.