The Rogers Retort: When Everyone Is On One Side Of The Boat, Invariably Run To The Other Side... And Buy Gold
Any day that has Roubini making waves, means Rogers (of R'n'R dynamic duo fame) can't be far behind. Which is precisely the case today: as per the interview below, Jim is still bullish not only on dollars (a contrarian play) but on gold, which he seems to value just a tad more than spam, expecting the precious/worthless metal to hit "several thousand dollars an ounce some time in the next decade." Roubini: ball is in your court. Or maybe it is just time to let this one die.
And another interview with Rogers, this time with Bloomberg's Betty Liu. He proposes a binary outcome dependant on the world economy, and in both cases says to buy commodities.