With Greece barely averting default, the Bank of Japan weakening the yen, and central bankers in the United States and Europe continuing stimulative measures, Jim Rogers is the last investor we would expect to still be long on currencies.
[caption align="alignright" caption="Jim Rogers: long on USD (UUP), EURO (FXI) and Remnimbi (FXCH)"]
In a recent CNBC interview, though, the legendary financier disclosed that he is long on the Chinese Renminbi ( FXCH , quote ), the U.S. dollar ( UUP , quote ) and the euro ( FXE , quote ).
He is also still bullish on commodities, a long held investment position.
Rogers feels here is another financial crisis on the way, and that it will hit much harder than in 2008. He has made it clear the euro zone crisis will have an impact on the U.S. and elsewhere.
"Let Greece go bankrupt and other people who are bankrupt go bankrupt, and then they can reorganize their assets and start over," Rogers said.
All this plays into the market's outlook for 2012.
"In 2012, we have elections and many governments pumping money into the economy, spending and printing money. It's 2013-14 we have to worry about," he said.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
