Jim Rogers: We Are Due for a Recession (MOO, UUP)

Jim Rogers stopped by FOX Business to give his opinion of the markets, and to share where he was placing his money right now. According to Jim, we are due for a recession next year, and says that 2013 will be a mess. Jim states that we have had a recession every 4-6 years since the beginning of the republic, and the next one will be a doosey.

With a looming recession on the table, where is he placing his money? Jim says that he is out of Euros, and placed his money into the US Dollar. Jim is primarily short stocks, long currencies, and long commodities. His pick of the bunch seems to be agriculture right now.


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