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Famend Investor Jim Rogers Warns of the Worst Recession in His Lifetime – Economics Bitcoin Information

Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, expects the bear market to get a lot worse, including that this recession would be the worst in his lifetime. “We’re most likely going to have one final rally however that can be it,” he predicted. “Then we’re coming to the tip of the road. Be nervous.”

Jim Rogers on the Worst Recession in His Lifetime

Famed investor Jim Rogers shared his view concerning the U.S. economic system in an interview with Enterprise In the present day, revealed Monday. Rogers is George Soros’ former enterprise accomplice who co-founded the Quantum Fund and Soros Fund Administration.

He was requested if proper now’s “the start of an impending recession, the worst ever prefer it’s been predicted by some.” Rogers replied:

Effectively, earlier than that is over, sure, it’s going to be the worst in my lifetime.

“In 2008, we had an issue due to an excessive amount of debt,” he defined. “However since 2009, the debt in all places, in all places, has skyrocketed. So the following downside needs to be the worst in my lifetime as a result of the debt has gotten so, so, a lot worse.”

Nonetheless, he famous: “Having mentioned that, there’s an enormous quantity of pessimism round proper now, and usually when there’s plenty of pessimism, one thing occurs and folks get completely satisfied for a short while.”

Whereas stating that he’s not making a prediction, Rogers opined: “If there have been peace in Ukraine, oh my gosh, the pessimism would disappear and shares would go up.”

The famend investor warned:

So, one thing might be going to occur. We’re most likely going to have one final rally however that can be it. Then we’re coming to the tip of the road. Be nervous.

Concerning the inventory market, he mentioned: “There have been many occasions in historical past when shares have accomplished nothing for an extended time period and even declined for an extended time period … Shares shouldn’t have to go up on a regular basis. We now have had many lengthy bear markets, and we are going to, we’re going to have one other one now, quickly.”

Whereas emphasizing that “This yr to date has been one of many worst” and bear markets “might be actually, actually devastating and stunning,” Rogers careworn:

Earlier than it’s over, I count on [it] to get a lot, a lot, a lot worse … Some corporations will go bankrupt.

In July, Rogers warned that the worst bear market in his lifetime is coming. He has additionally predicted the tip of the U.S. greenback.

What do you concentrate on the feedback by Jim Rogers? Tell us within the feedback part beneath.

Kevin Helms

A pupil of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source programs, community results and the intersection between economics and cryptography.

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