Will there be another market crisis ?
"I know we're going to have another [financial crisis]. What I said was, the next one, when it comes, is going to be the worst in my lifetime. 2008 was bad because there was a lot of debt. Well, the debt is much, much higher now.
People talk about austerity but nobody, nobody has reduced their debt. Everybody has increased their debt. The Federal Reserve in the U.S. has more than quintupled its balance sheet alone in nine years."
Stocks
"I will not buy shares in the U.S., under any circumstances. Not now. If you have to buy shares, Japan is down 50% from its all-time high, China is down 50% from its all-time high. Russia is hated. There are markets in the world that are not racing after all-time highs if you have to buy shares. Now, I don't have to buy shares so I'm not buying shares."
via prweb.com/releases/birch-gold-group/jim-rogers/prweb14580136.htm
At the moment I own Japanese shares, I don't plan to own them in 20 years. Long term Japan has gigantic problems. And as we know it, it's not going to exist in 30 years. They have a declining population, they have no babies, they wont let immigrants come in and the debt is going higher and higher everyday. They are making terrible mistakes everyday.
Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.
The Bull Market in the US, I don't know how much longer it has got to go. What will possibly happen is it will have one last spurt just as it did in 1999 - 2000. And then it will have a big collapse. That will lead to a higher US Dollar but then an eventual collapse in the US Dollar.
Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.
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Jim Rogers talks with Kitco
-Economics and Cycles
-Crypto currencies like bitcoin appear to be bubblish
-Evidence of large bullish sentiments among investors may be a warning sign.
"We've always had economic cycles and we will continue to have them. When things are going right for a while, excesses develop, you have too much capacity, demand goes down because prices go up, then you have a good time, people get fat and sassy and cocky and things go wrong. Its human nature, they way people always work."
Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.
Click here if the above video does not play
Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.
I own a lot of U.S. dollars, I short junk bonds, the agriculture has been depressed for a while, I own China — although some parts of the Chinese
economy will collapse, others parts of the Chinese economy will be fabulous.
The government is spending unbelievable amounts of money to clean up the pollution. Those cleaning up China’s massive pollution will do well even if Europe disappears. Some parts of the Chinese economy will do well no matter what, others will go bankrupt. Russia is hated but I am optimistic about the changes in Russia. There are places that are depressed that one can put in money. I own gold and silver although I am purchasing more at the moment. There are many opportunities, I am just too lazy to get to all of them.
via www.forbes.com/sites/prestonpysh/2017/06/21/an-interview-with-jim-rogers-of-course-we-are-in-a-stock-market-bubble/2/
