Rogers: Inflation will cause unrest to spread

Contagion risk has heightened as a result of rising food price inflation, which could lead to political unrest in the Middle East spreading to other areas, warns veteran investor Jim Rogers.

Speaking exclusively to Investment Week, Rogers said it was crucial for investors to be aware of contagion risk. "The price of food will go through the roof, and as this happens you will see more social unrest, more governments fail and more countries failing. If people do not understand that they should not be investing. "There is going to be a lot more political turmoil in the world in the next few years," he says. Rogers has forecast oil will hit $200 per barrel over the next decade: "It is not such a dramatic number given that it is already at $110 per barrel," he says. He s...