Following Friday’s disappointing jobs data and a big jump in Chinese inflation over the weekend, Jim Rogers, the CEO and Chairman of Rogers Holdings, told CNBC that no matter what happens to the global economy, he will make money with his commodity positions.
“If the world economy gets better, I earn money on commodities. If the global economy gets worse then they will print more money and I will make money in commodities,” Rogers said in an interview with CNBC on Monday.
With the commodities market [cnbc explains] highly correlated with the greenback in recent months, Rogers said he is also long the dollar.
“I am long the dollar Euro as everyone was bearish. So I am long the dollar. In five years I may not be not be long the dollar but I am now. The dollar and commodities do not have to move in correlation despite what you see on CNBC,” Rogers said. More...
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