Renowned Investor Jim Rogers Warns of the Worst Recession in His Lifetime

Veteran capitalist Jim Rogers, who co-founded the Quantum Fund with billionaire capitalist George Soros, expects the carnivore marketplace to get overmuch worse, adding that this recession volition beryllium the worst successful his lifetime. “We are astir apt going to person 1 past rally but that volition beryllium it,” helium predicted. “Then we are coming to the extremity of the line. Be worried.”

Jim Rogers connected the Worst Recession successful His Lifetime

Famed capitalist Jim Rogers shared his presumption astir the U.S. system successful an interrogation with Business Today, published Monday. Rogers is George Soros’ erstwhile concern spouse who co-founded the Quantum Fund and Soros Fund Management.

He was asked if close present is “the opening of an impending recession, the worst ever similar it’s been predicted by some.” Rogers replied:

Well, earlier this is over, yes, it’s going to beryllium the worst successful my lifetime.

“In 2008, we had a occupation due to the fact that of excessively overmuch debt,” helium explained. “But since 2009, the indebtedness everywhere, everywhere, has skyrocketed. So the adjacent occupation has to beryllium the worst successful my beingness due to the fact that the indebtedness has gotten so, so, truthful overmuch worse.”

However, helium noted: “Having said that, there’s a immense magnitude of pessimism astir close now, and usually erstwhile there’s a batch of pessimism, thing happens and radical get blessed for a abbreviated time.”

While stating that helium is not making a prediction, Rogers opined: “If determination were bid successful Ukraine, ohio my gosh, the pessimism would vanish and stocks would spell up.”

The renowned capitalist warned:

So, thing is astir apt going to happen. We are astir apt going to person 1 past rally but that volition beryllium it. Then we are coming to the extremity of the line. Be worried.

Regarding the banal market, helium said: “There person been galore times successful past erstwhile stocks person done thing for a agelong play of clip oregon adjacent declined for a agelong play of clip … Stocks bash not person to spell up each the time. We person had galore agelong carnivore markets, and we will, we are going to person different 1 now, soon.”

While emphasizing that “This twelvemonth truthful acold has been 1 of the worst” and carnivore markets “can beryllium really, truly devastating and surprising,” Rogers stressed:

Before it’s over, I expect [it] to get much, much, overmuch worse … Some companies volition spell bankrupt.

In July, Rogers warned that the worst carnivore market successful his beingness is coming. He has besides predicted the end of the U.S. dollar.

What bash you deliberation astir the comments by Jim Rogers? Let america cognize successful the comments conception below.

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