The legendary investor Jim Rogers recently interviewed by the Reuters. (courtesy of JimRogersChannel).
Some interesting highlights:
-EU rescue will “absolutely not” work.
-I’m very worried about 2013, more worried about EU in 2014
-I’m worried about "everybody" in 2013
-US has recession every 4-6 years; 2013 is after elections and between 4-6 years, so US will have a slowdown on 2013
-Next time there will be a US slowdown, the problem will be a whole lot worst
-Recession is coming and it’s gonna be worse
-Raising taxes will make things worst, US needs to cut spending “with a chainsaw”.
-US should be cutting taxes and spending
-China has been trying to slowdown the economy for three years; by design, by purpose
-Problems in US and America in 2013: When two of the world’s largest economy is having problems, everyone will get affected
-I don’t know anything "safe"
-Generally short stocks, long commodities.
-Owns Swiss franc, Japanese yen and Chinese yuan
-Interested in agriculture
-Owns gold and would buy more gold when prices fall
-Can’t "conceive" of the current prices of technology stocks
-"Most exciting thing I know is Myanmar" (like China in 1979)
-North Korea is going to merge with South Korea in next 5 years.
Jim Rogers seems in the same camp of Dr. Marc Faber. Dr. Faber sees 100% chance of a global recession in 2013 and even a potential market crash ala 1987.
Some interesting highlights:
-EU rescue will “absolutely not” work.
-I’m very worried about 2013, more worried about EU in 2014
-I’m worried about "everybody" in 2013
-US has recession every 4-6 years; 2013 is after elections and between 4-6 years, so US will have a slowdown on 2013
-Next time there will be a US slowdown, the problem will be a whole lot worst
-Recession is coming and it’s gonna be worse
-Raising taxes will make things worst, US needs to cut spending “with a chainsaw”.
-US should be cutting taxes and spending
-China has been trying to slowdown the economy for three years; by design, by purpose
-Problems in US and America in 2013: When two of the world’s largest economy is having problems, everyone will get affected
-I don’t know anything "safe"
-Generally short stocks, long commodities.
-Owns Swiss franc, Japanese yen and Chinese yuan
-Interested in agriculture
-Owns gold and would buy more gold when prices fall
-Can’t "conceive" of the current prices of technology stocks
-"Most exciting thing I know is Myanmar" (like China in 1979)
-North Korea is going to merge with South Korea in next 5 years.
Jim Rogers seems in the same camp of Dr. Marc Faber. Dr. Faber sees 100% chance of a global recession in 2013 and even a potential market crash ala 1987.
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