Jim Rogers: Obama Is Ruining AmericaBullSource
Legendary investor Jim Rogers joins the Kudlow Report to discuss his forecast on oil and other commodities, and gives his remarks on President Obama’s State of the Union address. Rogers says that known oil reserves are declining and believes it will take a long time to transition from oil to natural gas. The investor argues that commodities are the place to be. “This is a time when you should own real assets, not stocks and bonds,” Rogers comments. He says the corrections in commodities “will be nothing more than corrections in a major bull market, which has years to go.” Rogers calls the President’s State of the Union a “waste of time” and says Obama doesn’t understand what’s going on. America’s deficit problems will only be solved when we have a crisis or semi-crisis and the country is forced to, Rogers says. Reprinted with permission from Bull Source. You can subscribe to Bull Source posts for free here. February 3, 2011 Jim Rogers has taught finance at Columbia University's business school and is a media commentator worldwide. He is the author of Adventure Capitalist, Investment Biker, Hot Commodities, A Gift to My Children, and A Bull in China. See his website. © Copyright 2011 BullSource
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