Jim Rogers recession 100%, Jim Rogers and the US Recession
Rogers Holdings Chairman Jim Rogers says the US will bore into a recession aural the next 12 months.
During an account on Bloomberg TV with Guy Johnson, the acclaimed broker said the abatement is guaranteed.
“It’s been seven years, eight years back we had the endure recession in the US, and normally, historically we accept them every four to seven years for whatever reason—at atomic we consistently have,” he said. “It doesn’t accept to appear in four to seven years, but attending at the debt, the debt is staggering.”
Most Wall Street economist accept put the anticipation of a US recession at 33%.
While Rogers was not specific about his authoritativeness in a US recession, he did agenda that economies were slowing or apathetic in China, Japan, and the euro zone.
Rogers says investors who focus on the appropriate abstracts will appear to the aforementioned conclusion.
“If you attending at the … amount tax abstracts [in the U.S.], you see they’re already flat,” he concluded. “Don’t pay absorption to the government numbers, pay absorption to the absolute numbers.”
Rogers is continued the US dollar afterward his revelation.
“It ability even about-face into a bubble,” he said of the greenback. “I mean, if markets about the apple are crashing, let’s just say that book happens, everybody’s traveling to put their money in the US dollar—it could about-face into a bubble.”
Rogers Holdings Chairman Jim Rogers says the US will bore into a recession aural the next 12 months.
During an account on Bloomberg TV with Guy Johnson, the acclaimed broker said the abatement is guaranteed.“It’s been seven years, eight years back we had the endure recession in the US, and normally, historically we accept them every four to seven years for whatever reason—at atomic we consistently have,” he said. “It doesn’t accept to appear in four to seven years, but attending at the debt, the debt is staggering.”
Most Wall Street economist accept put the anticipation of a US recession at 33%.
While Rogers was not specific about his authoritativeness in a US recession, he did agenda that economies were slowing or apathetic in China, Japan, and the euro zone.
Rogers says investors who focus on the appropriate abstracts will appear to the aforementioned conclusion.
“If you attending at the … amount tax abstracts [in the U.S.], you see they’re already flat,” he concluded. “Don’t pay absorption to the government numbers, pay absorption to the absolute numbers.”
Rogers is continued the US dollar afterward his revelation.
“It ability even about-face into a bubble,” he said of the greenback. “I mean, if markets about the apple are crashing, let’s just say that book happens, everybody’s traveling to put their money in the US dollar—it could about-face into a bubble.”
Blogger Comment
Facebook Comment