Jim sees better returns in agricultural commodities and silver. Rogers & Michael Yoshikami, president & chief investment strategist, YCMNet Advisors talk strategies with CNBC's Martin Soong, Amanda Drury & Sri Jegarajah.
commodities guru and wall street king Jim Rogers said that the stock market has yet to hit a bottom despite people ploughing their money back into a sucker’s rally .Rogers said that central banks “flooding the world with money” only attempts to solve the problem of too much debt with more debt and “defies belief,” adding that the method will not work because governments have failed to address the underlying problems that caused the crisis in the first place.
Rogers told CNBC he was still favorable towards commodities and precious metals because they were the only sector where fundamentals were getting better.
“I mean … you give me 5 or 6 trillion dollars, I’ll show you a very good time, there’s no question about that,” Rogers said.
“I’m not buying shares if that’s what you mean. Not at all,” Rogers told Squawk Box Asia.”The bottom will probably come later this year, next year, who knows when,” he added.
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