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Renowned investor Jim Rogers (pictured left) says that the rally in stocks and the dollar will soon end, thanks to the Federal Reserve's massive easing policy. "I'm not buying shares anywhere," he tells Bloomberg TV. "I'm not selling short yet. But...if it keeps going like this, I'll have to start selling short eventually. I don't see the stock market as a great place to be in the next two to three years, maybe even the next decade." As for the dollar, "we're going to have a currency crisis probably this fall or the fall of 2010," Rogers says. "It's been building up for a long time. We've had a huge rally in the dollar, an artificial rally. ... The U.S. dollar is a very flawed currency." Bonds also are overvalued, he says. And where does Rogers see investment opportunities? Commodities, as he has argued for months. "The only place I know where the fundamentals are getting better is raw materials," he explains. "We're going to have serious food shortages. ... Prices are going to go through the roof." Whether the economy rebounds or not, "commodities are going to lead it," Rogers says.
Dominant Social Theme: All falling apart?
Free-Market Analysis: We've noticed how Jim Rogers seems to have raised his profile recently, and the only reason we can come up with is that he wants the world to notice what he's investing in. But in providing so much information, he is also muddying the free-market message and leading investors to conclusions about which they might wish to be skeptical. (more)
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