Commodity guru Jim Rogers thinks America is becoming a socialist nation and isn’t happy with Federal Reserve Chairman Ben Bernanke, but he’s also not sounding too bearish on the market.
In an interview with Bloomberg today, Rogers said that he doesn’t have any big short positions for one of the few times in his life, because he doesn’t see anything that is “in great excess” (except for Treasury bonds, but he’s leery of shorting those because the Fed can drive the market for them up, he says).
Rogers sees major inflation ahead, and that’s part of why he thinks commodities are the place to be. Below is a snippet of what he’s doing with his portfolio. (For his full take on the economy and market, click here.)