Gold     1349.04   1.81Silver     16.71   0.05Platinum     1010   5
Print Friendly Version of this pagePrint Get a PDF version of this webpagePDF Bookmark

Veteran investor Jim Rogers says next bear market will be ‘the worst in our lifetime’

Jim Rogers, 75, says the next bear market in stocks will be more catastrophic than any other market downturn that he’s lived through.

The veteran investor says that’s because even more debt has accumulated in the global economy since the financial crisis, especially in the US.

US stocks plunged in another trading session with big swings, as equities remained in a tug-of-war with bond yields and investors saw no relief ahead in finding the market’s bottom.

While Rogers isn’t saying that stocks are poised to enter bear territory now – or making any claim to know when they will – he says he’s not surprised that US equities resumed their sell-off on Thursday and he expects the rout to continue.

“When we have a bear market again, and we are going to have a bear market again, it will be the worst in our lifetime,” Rogers, the chairman of Rogers Holdings, said in a phone interview.

SMH
2/12/2018

Leave a Reply