Friday, September 21, 2012

How Jim Rogers Is Preparing For A Recession

By Jared Cummans
Jim Rogers has been calling for a recession for several months, as he feels that our overwhelming debt levels and upcoming fiscal cliff will propel us into another economic spiral. “It’s coming” he has warned, stating that 2013 and 2014 will be worse than the fallout we saw in 2008. Now that the Fed has announced an extremely aggressive QE3, Rogers has become extremely bearish on the U.S. dollar, feeling that is will suffer the same losses that the pound sterling did years ago. Luckily, Rogers has been kind enough to tell investors exactly how he has been preparing for the coming recession.

source Seeking Alpha Continue Reading>>>>>>

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).