Wednesday, September 19, 2012

Next Recession Going To Be A Lot Worse

Jim Rogers : We had a recession in 2002, and it was worse in 2007-08 because the debt was so much higher. Next time is going to be a whole lot worse because the amount of debt is staggering. We’ve shot our bullets. What more can they do...quadruple the debt again? - in Reuters

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).