Donald Coxe Still a Commodity Bull

Famous investor Donald Coxe took a real bath in 2008 (along with the rest of us commodity bulls) - he was heavily overweighted in commodities, and, though bearish on the overall economy, he still believed commodities were the place to be.  Hmmmmm, sounds a little familiar.

Despite the huge setbacks last year, Coxe still believes commodities are the place to be for the medium to long term, citing his belief that rising middle classes in India and China will drive demand to new heights.  Coxe is especially bullish on agriculture.

Donald Coxe: Cautious About Equities, Believes Interventions are Inflationary

Legendary investor Donald Coxe is one I follow closely. I would highly recommend his latest conference call where he discusses the global economic environment, and comments on potential ramifications of the government's Freddie/Fannie interventions.

He also has a fantastic Canadian accent that really adds to the fun.

My notes from the call:

• Financial system is still under stress and undercapitalized
• Remains cautious about overall equity exposure
• Believes the gov't interventions are highly inflationary
• Cautions against confusing deflation with falling asset prices (believes Japan's deflationary recession was an exception to the norm)
  
• Bullish on commodities...provided we do not have a deep global recession

Also check out this summary of Donald Coxe's thoughts.