Jim Rogers on the greatest trade of the next 20 to 30 years


From Index Universe:

Jim Rogers, the natural-resources-investing guru, is more bullish than ever on commodities. The thesis he laid out in his 2004 book “Hot Commodities” has even longer legs, partly because investments in new capacity were put off after the market collapse of 2008-2009. Rogers told Managing Editor Olivier Ludwig that he continues to be exceedingly bearish on the U.S., predicting that shorting long-dated U.S. Treasury debt will be one of the great secular plays of the coming years.

Ludwig: People are talking about you being long the dollar. Why?

Rogers: Mainly because everybody is so bearish on it-including me-I decided to go long the dollar. What I've found over the years of investing is that when everybody is on one side of the boat, you should go to the other side, at least for a while. So, I've gone to other side of the boat-I own the U.S. dollar, and we will see. I'm a very bad market-timer; I'm a horrible trader, so I'm sure I’m wrong. I shouldn’t even be trying it, but there I am.

Ludwig: Apart from being long the dollar, can you refresh me as to why one ought to be bearish the dollar, longer term...

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