The original title: Rogers: "the worst bear market we've ever had" is fast approaching.
Source: Wall Street
In an interview with the media, legendary investor Jim Rogers (Jim Rogers) predicted that the world would experience a massive economic and financial adjustment, which would lead to the biggest bear market in our lives.
The current macroeconomic environment speaks for itself in terms of too much debt, rising inflation, currency devaluation, misinvestment, central bank intervention and geopolitical pressures.
Rogers predicts that the collapse could start in weaker countries or companies, then spread to the United States, eventually plunging the system into a deep recession.
"I would like to remind all of you that we have not experienced a serious bear market in 11 years," Rogers said at an international forum hosted by Russia. The next bear market you encounter will be the worst in my life. "
He also pointed out that given that policymakers are accumulating more and more debt to cover up economic or market cracks, "eventually the market will say,'We don't want this, we don't want to play this game anymore. We don't want your junk paper anymore."
When that happened, Rogers warned that the central bank would print more money and buy more assets.
"then we will have a very serious problem. One day we will all pay a terrible price, but at the same time, it will be interesting for many people."
Rogers has repeatedly said that the United States is the world's largest debtor and that debt is everywhere, which will pay a price sooner or later.
Jim Rogers co-founded the Quantum Fund. Over the next decade, the portfolio rose 4200 per cent, while the s & p rose less than 50 per cent. He also accurately predicted the global stock market crash of 1987 and the subprime mortgage crisis in the United States.
Rogers decided to retire at the age of 37 and has been sharing investment ideas with investors ever since.
Risk reminder and exemption clause
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