JIM ROGERS : I expect nearly all Economies around The World to Slow Down

 MINI: Many are expecting the Chinese markets or the Chinese economy to slow down structurally. What is your call on the economy because after all the markets are a reflection of which way you see the economy going?

JIM ROGERS : Well, I expect nearly all economies around the world to slow down. In America, we have had nearly six or seven years without a correction in the economy or the markets. It is long overdue. Normally, we have corrections every four to seven years in the United States. So we are overdue. The debt is going higher and higher. Many of our customers are slowing down—China is slowing down and Japan is in recession. Now, I certainly expect more slowdown to come worldwide. As is said before, I am mainly just watching right now. I have sorted some junk right now—junk bonds in US—and I am mainly just watching.

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%.