Iconic Investor Jim Rogers: Biggest Crash In My Lifetime In The Next Two Years

[mountaineer]

Iconic Investor Rogers: Biggest Crash In My Lifetime In The Next Two Years
Full article at Daily Wire

According to iconic investor Jim Rogers, 74, within two years the biggest market crash since the Great Depression of 1929 is going to thunder across the world.

As an example of how savvy Rogers has been, in 1973, George Soros and Rogers founded the Quantum Fund; between 1970 and 1980, the portfolio gained 4200% while the S&P advanced roughly 47%.

Speaking with Business Insider’s CEO Henry Blodget on "The Bottom Line," Rogers issued his apocalyptic prediction. ...

... Blodget: Well, yeah, TV ratings do seem to go up during crashes but then they completely disappear when everyone is obliterated, so no one is hoping for that. So when is this going to happen?

Rogers: Later this year or next. 

Blodget: Later this year or next?

Rogers: Yeah, yeah, yeah. Write it down.

Blodget: And what will trigger it?

Rogers: Well, it’s interesting because these things always start where we’re not looking. In 2007, Iceland went broke. People said, ‘Iceland? Is that a country? They have a market?’ And then Ireland went broke. And then Bear Stearns went broke. And Lehman Brothers went broke. They spiral like that. Always happens where we’re not looking. I don’t know. It could be an American pension plan that goes broke and many of them are broke, as you know. It could be some country we’re not watching. It could be all sorts of things. It could be war. Unlikely to be war but it’s going to be something. When you’re watching Business Insider and you see, ‘That’s so interesting. I didn’t know that company could go broke.’ It goes broke. Send me an email and then I’ll start watching.

Blodget: And how big a crash could we be looking at?

Rogers: It’s going to be the worst in your lifetime.   ...

[mountaineer]

Also reported at Business Insider:

JIM ROGERS: The worst crash in our lifetime is coming 2 / 10
Jacqui Frank
6 hrs ago


Legendary investor Jim Rogers sat down with Business Insider CEO Henry Blodget on this week's episode of The Bottom Line. Rogers predicts a market crash in the next few years. One that he says will rival anything he has seen in his lifetime. Following is a

Blodget: One of the things I’ve always admired about you as an investor is that you don’t talk about what should be. You figure out what is going to be and then, you do that. So what is going to be with respect to the stock market? What’s going to happen?

Rogers: I learned very early in my investing careers: I better not invest in what I want. I better invest in what’s happening in the world. Otherwise, I’ll be broke. Dead broke. Well, what’s going to happen is it’s going to continue. Some stocks in America are turning into a bubble. The bubble’s gonna come. Then it’s gonna collapse and you should be very worried. But Henry, this is good for you. Because someone has to report it. So you have job security. You’re a lucky soul.   ... Full story

[Sanguine]

Yes, scary prediction.

[jmyrlefuller]

So buy my book on How to Survive the Coming Global Cataclysm! /sarc

[mountaineer]

So buy my book on How to Survive the Coming Global Cataclysm! /sarc

I was wondering how to get through it. 

[endicom]

"George Soros and Rogers founded the Quantum Fund"


Is that an endorsement or an indictment?

[Free Vulcan]

Tend to agree. When the economy starts turning down going into the next recession....look out. The world financial situation is very precarious.

[truth_seeker]

Markets do go up, and markets to go down.  Over the long haul, they go up.

Vastly wealthy ones like Buffet do not trade. They buy and hold.

[Smokin Joe]

Markets do go up, and markets to go down.  Over the long haul, they go up.

Vastly wealthy ones like Buffet do not trade. They buy and hold.

It really helps when the banks get a few QE's to stuff into the equity bubble and keep real estate ballooned.