Are you kidding me? Commodities are in one of the worst historic bear markets and Rogers is talking like this was just some minor correction before "the big surge". He's just guessing. How would he know if the "commodity super cycle" will last 2018? Is this written in stone somewhere? For all we know the commodity bull market could have ended this year and it's in a multiple year bear market for now. Only time will tell. Rogers is just another idiot that is paralyzed and shocked that the market doesn't agree with his analysis. Instead of openly admitting how he got caught off guard and was proven wrong and how he has no idea when the bear market will end, he plays the old Wall St. game of "stay the course, the fundamentals haven't changed". He sounds just as stupid as the stock market perma bulls in 2001 that said "this is a little correction, the stock market will continue to surge to Dow 40,000 for another 18 years after this".
There's that 'history' word again. 'History was made today as the world got one day older than it has EVER been before'.
He's just not a trader, he doesn't know when to get out. He gets in very early and ride the rocky start of the trend with his conviction. But his conviction hurts him sometime when the move ends. That's with all fundamentalists. But Rogers has such a following that his predictions become self fullfilling prophecies. Only this time the forces moving against him and his followers are too strong. That said he may be right about out of control inflation down the road. Why does Rogers spend so much time on TV ? He also pockets money from license fees on every product using the RICI index, and of course he is loaded up on commodities. Listening to him is becoming tiring, he talks mainly for himself when advocating a hands-free approach to the crisis and investments in commodities. Not everyone on the face of the earth lives in a mansion and doesn't care about food prices and not everyone is smart enough or able to protect themselves against a depression. The bankers he wants to punish will just drive VW instead of Mercedes, the little guy cleaning the banker's office will have to sleep under bridges.
'it has never worked in world history', yeah when a biased historian like him look at the data I'm sure it has 'never worked', meanwhile you got guys with long track records of killing the sp500 for decades saying just the opposite and he acts as if there is no CHANCE IN HELL he can be wrong He says the great depression was caused by bank failures and lack of liquidity, then the fed more than doubles their balance sheet to PROVIDE LIQUIDITY and he cries about the printing presses and how bernanke is a fool.
Anybody notice how Rogers and his old 'pal' George Soros (who incidentally made billions in the markets after Rogers left, yet Quantum is still Rogers biggest claim to fame) has an opinion completely contrary to what Jimmy is spouting off? Rogers opposes all bailouts. "Let them all fail, it's not a big deal. Brokers have failed before, they should all fail now. Letting Lehman fail was the best thing they've done so far." He wants zero regulation. "Let the market sort it out, we don't need any rules." Soros on the other hand supports bank/broker bailouts that enable stability in the global financial system. Soros is openly scared - politically and economically - of what would happen to the world if a series of bank failures drives the world financial system to a stand still. Soros hopes for stricter regulation of the financial system (e.g. allowed concentration of assets held by financial institutions) going forward.
This must be why rogers got sacked rogers keeps chanting 'this is terrible morality', if C were fail and earth were to cease to exist he probably would still say 'let them fail, let the market work' apparently risk reward is not part of jim rogers moral code