Jim Rogers Bearish, Likes Land on Larry Kudlow's "The Kudlow Report"

Jim Rogers, the investor who had co-founded the Quantum Fund with George Soros, said on Larry Kudlow's CNBC show "The Kudlow Report" that U.S. stocks have yet to hit their bottom in this bear market. Rogers said there could be no lasting rally until the economy recovers.

Rogers told Larry Kudlow that he is still solvent and he believes the fundamentals for commodities are getting better.

Rogers said the firm he is a director of is buying farm land in Canada and Brazil.

Rogers says Geithner and Bernanke "don't get it."

Kudlow asked about the dollar. Rogers said this is an "artificial rally in the dollar" due to short covering.

Rogers mentioned President Obama raising taxes on energy and capital. He made fun of the "Geniuses in Washington" who are going to raise taxes on capital and energy, something he says there is a shortage of.

Earlier today Rogers told Reuters he was unsure where to invest but he thought the US dollar was "terribly flawed" and we would not have a lasting recovery the government is not allowing failing businesses to go bankrupt.

• "I don't think the bottom is here, maybe 'a' bottom, but not 'the' bottom. The economy is going to get worse. You can't have a good stock market without a good economy."

• "I want to get out of the U.S. dollar sometime this year, at least I plan to, because it's a terribly flawed currency."

• "I don't know where I'm going to wind up putting my money. But at the moment I'm doing nothing but watching. I may just have to wind up putting it all in commodities because commodities are the only thing (whose) fundamentals are being enhanced."

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