Jim Rogers Says U.S. In Recession

Posted In: Crash Prophets, Dollar, Economy, Financial Markets, Recession

I recently received an e-mail from Euro Pacific Capital that talked about Jim Rogers’ interview on Bloomberg from earlier this week. Peter Schiff, president of Euro Pacific, had this to say about the Rogers exchange:

It is one of the most insightful, logical, no nonsense investment discussions I have ever heard. Jim talks about the fragile state of the US economy, the dollar, gold, the risks to the US stock market, Bernanke, and why he has moved with his family to Singapore. Among other things, he urges investors to sell their dollars and buy foreign currency.

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I agree- the interview was superb. Rogers, the legendary investor and author, told Bloomberg that the U.S. economy is already in a recession, which will turn out to be “serious” and result in the collapse of the U.S. dollar and bond market.

The video is almost 20 minutes long, and can be accessed through Bloomberg here.

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