Jim Rogers is foreseeing a severe financial crisis up ahead that could trigger a U.S. stock market crash in 2016.
Speaking with CNN, the billionaire investor blamed the global central banks for putting the world economies in jeopardy. Bearing the recent stock market crashes and corrections of China, Europe, and the U.S. in context, Rogers said that the central banks have no clue of what they are doing. According to Rogers, central banks are too focused on the equity markets, rather than the larger economy.
“They are going to keep trying to do everything they can to make markets go higher, but the more they do, the worse the situation gets,” said Rogers. (Source: “Economist Jim Rogers: Central Banks Completely Incompetent,” YouTube, February 15, 2016.)
Read More @ http://www.profitconfidential.com/stock-market/stock-market-crash-jim-rogers-has-a-grim-warning-for-americans/
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%.
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