However, the co-founder of Soros' Quantum fund is convinced that the commodity super-cycle is far from over, but driven by supply constraints (and cost increases) as opposed to demand from higher growth. The following interview provides more color on his commodity view as he re-iterates his bullish stance on Ag (with sugar a focus) and Natural Gas (some harsh natural realities coming), warning "don't get too excited about fracking," when he talks energy products.
Rogers, in his inimitable way, sums up the state of euphoria that many markets find themselves in thus, "we are all floating around on a sea of artificial liquidity right now. This is not going to last."
On the end of the commodity super-cycle:
"Commodities have pulled back, but I would remind you that in all bull markets there are periods of correction.On the next crisis:
In 1987 - during the great bull market in stocks - stocks went down 40 to 80 per cent around the world; again in 1989, 1990, 1994, etc. Every time people said the bull market's over, but it wasn't. I think that's what's happening with commodities now."
"2008 was so much worse than 2000 because the debt was so much higher, you wait until 2014 or 2015 when the next crisis hits...His final words:
debt has gone through the roof, the next one's gonna be really bad"
"Be prepared, be worried, and be careful"
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