Legendary Investor Jim Rogers Predicts Biggest Bear Market of a Lifetime

By Lola Coin Jun 25, 202370Views

Veteran American investor Jim Rogers predicts that the next bear market will be the largest in his 80-year lifetime. In an interview with Real Vision Finance, Rogers states that current economic conditions resemble those before the Great Financial Crisis of 2008, but are even worse. He attributes this to the massive accumulation of debt within the system, which will inevitably lead to a severe bear market in risk assets. Rogers refers to the great inflationary crisis of 1980 and the high interest rates and yields on treasuries that were necessary to combat inflation. He warns that trouble will occur in all markets including property, stocks, bonds, and currencies. The Federal Reserve Open Market Committee (FOMC) recently decided to pause raising interest rates, but still plans for two more hikes this year.

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