“It’s happening in Japan, Europe, Britain and America. It’s never happened before in recorded history that all the major central banks are printing a lot of money,” he said. “That’s what happened back in 2008. The Federal Reserve came running to the rescue, bailed out the banks and now we’re all going to have to pay the price.”
says Rogers.
“This is not going to end well. You should be prepared, you should be knowledgeable and you should be worried,” he said.
“We’ve had economic slowdowns every four to seven years. We’re going to have them again. It’s been six years since the last time. So start getting worried. Maybe it’ll be seven, maybe it’ll be eight years this time but it’s going to come.”
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
No comments:
Post a Comment