Jim Rogers Tells CNBC To Change Its Name To CommoditesNBC, Sees Oil At $150, Is Short Nasdaq ETFs, Expects More Governments To Collapse

Submitted by Tyler Durden on 02/04/2011 11:51 -0500

Jim Rogers, in his latest interview, cuts right to the chase: "I don't own many equities, because I don't know what is going to happen in the world economy. I expect more currency turmoil, more social unrest, more governments collapsing. So I am investing in currencies and commodities rather than stocks." Pretty much like everyone else, as we have been suggesting for quite a while. Rogers snaps at the trademark CNBC question of what he would be investing in: "I have been explaining to everybody on CNBC for a year and half or two now that food prices are going to go through the roof, they're going to explode. We have serious shortage of everything developing, including shortages of farmers... The average age of farmers in one major agricultural state is 58 years old. In 10 years it will be 68 years old. In parts of Japan they have no farmers... It takes 7 years for a coffee tree to mature. Orange trees, palm trees: you don't just suddenly snap your fingers and suddenly get some more palm oil. All of this takes time." So all those who believe that the surge in people rushing to fill the ag arbitrage holes will produce immediate results, may need to wait 3-7 years, dependant on access to manure.

Brent Plunges On Rumor Mubarak To Resign, Takes Entire Commodity Complex With It

 

Ben Loses The Long End 

 

Bernanke believes in black science - Hedonics

 

 

 

Mubaraks Have an Estimated Net Worth of $40 - $70 BILLION Dollars 



Fed to Start Tightening as QE2 Runs Out: LaVorgna



Inside the Employment Report CIGA Eric
 
An unexpected decline in unemployment rate from 9.4% to 9.0% is extremely deceptive. The secular trend in the civil labor force (see chart below) illustrates the following:
(1) A noticeable deceleration in the growth of the labor force growth since 1956.
(2) The trend in labor force growth deteriorated noticeable after 1973, 2000 and 2007.
(3) The year-over-year contraction in the labor force that began in 2009 is one the strongest and most sustained on record.
(4) The above trends suggest a gradual deterioration in the growth rate of US labor force since 1956. This gradual deterioration has been replaced by a noticeable contraction since 2009. This trend toward a small civilian labor represents a structural change to the economy that supports it; It’s a structural change that is impacting standard of living for all Americans.
Civilian Labor Force (CLF) And Year-Over-Year (YOY) Change:
Headline: Unemployment falls to 9.0 pct., only 36K new jobs
The unemployment rate dropped sharply last month to 9 percent, the lowest level in nearly two years. But the economy generated only 36,000 net new jobs, the fewest in four months.
The January report illustrates how job growth remains the economy’s weakest spot, even as other economic indicators point to a recovery that is strengthening.
Source: finance.yahoo.com
More…