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Jim Rogers on Brexit: 'Worse than any bear market you’ve seen in your lifetime'
Yahoo ^ | 6/27/2016 | Lawrence Lewitinn

Posted on 06/27/2016 10:55:41 AM PDT by GilGil

The UK's decision to leave the European Union will lead to an economic crisis more severe than what the world faced in 2008, according to legendary investor Jim Rogers, chairman of Rogers Holdings.

“This is going to be worse than any bear market you’ve seen in your lifetime,” he said on Yahoo finance’s “Market Movers” program Monday. “2008 was bad because of debt. The debt all over the world is much, much higher now. Stocks in the US, for instance, have been going sideways for 18 months to 24 months. That’s called a distribution by many people. When you have distribution for a year and a half, it usually leads to bad things.”

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Crime/Corruption; Government; News/Current Events; Politics/Elections
KEYWORDS: bearmarket; brexit; brexitwins; dow; economy; eu; globalmarkets; jimrogers; markets; nasdaq; rogers; sp; stockmarket; trump
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To: ground_fog
"Jim Rogers , a Soros buddy, has been calling for a collapse every since since the last one. he is always collapse"

Don't know if he is still Soro's buddy, but he had the balls to put his money were his mouth is and moved to Singapore with his family on 2007 as he saw the collapse coming. ( FWIW Beck did as well and the WSJ warned of CMO's if you or had friends that stumbled upon it. )

He is a bit of an odd duck, but he has my attention after his 07' move...

61 posted on 06/27/2016 12:39:23 PM PDT by taildragger (Not my Monkey, not my Circus...)
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To: GilGil

If you’re looking for a good argument go someplace else.


62 posted on 06/27/2016 12:40:42 PM PDT by Rusty0604
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To: GilGil

That all makes total sense. Thanks Gil!


63 posted on 06/27/2016 12:41:00 PM PDT by uncitizen (Gloves OFF! Go Trump!)
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To: GilGil
The UK's decision to leave the European Union will lead to an economic crisis more severe than what the world faced in 2008, according to legendary investor Jim Rogers, chairman of Rogers Holdings. Freedom isn't free.

"For what does it profit a man to gain the whole world and forfeit his soul?" - Mark 8:36

64 posted on 06/27/2016 12:43:49 PM PDT by Trumpinator ("Are you Batman?" the boy asked. "I am Batman," Trump said. youtube.com/watch?v=HZA9k7WAuiY)
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To: Personal Responsibility

Printing money.


65 posted on 06/27/2016 12:49:11 PM PDT by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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To: Personal Responsibility
Hidden Secrets Of Money Official Playlist
66 posted on 06/27/2016 1:11:51 PM PDT by Stentor
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To: GilGil

“Rogers — who cofounded the Quantum Fund with George Soros in the 1970s — “

Read no further.


67 posted on 06/27/2016 1:45:31 PM PDT by bk1000 (A clear conscience is a sure sign of a poor memory)
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To: dmz

Portugal is the world’s leading producer of cork. Don’t dis it.


68 posted on 06/27/2016 2:25:08 PM PDT by Lisbon1940 (No full-term Governors)
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To: taildragger
but he had the balls to put his money were his mouth is and moved to Singapore with his family on 2007

And that accomplished what
69 posted on 06/27/2016 2:28:01 PM PDT by uncbob
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To: uncbob

A man of his word and perhaps a warning of the Obamination to come. If you don’t see it that’s fine but IMHO he was way ahead of the curve...


70 posted on 06/27/2016 2:30:34 PM PDT by taildragger (Not my Monkey, not my Circus...)
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To: taildragger

So he did what he said he would do
What did it accomplish for him or his family ?
Simple question

You going to move there ?


71 posted on 06/27/2016 3:02:43 PM PDT by uncbob
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To: ground_fog

Yes , Old Jimmy Rogers is working with Soros to intentionally spreading panic in order to cash in .

These two evil monsters are trying to chum the market panic on purpose .


72 posted on 06/27/2016 3:19:10 PM PDT by ncalburt
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To: uncbob

You’d have to ask him, but if my memory is correct it was a more liberty orientated move to protect his children. As to my family, I don’t discuss it here. However, if you or I had a child looking towards medicine as a career and what Obamacare is doing perhaps their more free market system maybe a magnet for those that don’t want to be under a yoke....


73 posted on 06/27/2016 3:27:51 PM PDT by taildragger (Not my Monkey, not my Circus...)
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To: GilGil

Not even close.
Back in 2008, we had a team meeting and went over the shakeup in 401k plans.
We were just told that THE most secure section of our 401k just went bankrupt.
AIG.

Now that was much worse.


74 posted on 06/27/2016 3:28:40 PM PDT by Zathras
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To: GilGil

Jim Rogers is still alive?


75 posted on 06/27/2016 3:34:29 PM PDT by gogeo (I am a proud Trumpublican.)
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To: Lisbon1940

In laws just returned from 2 weeks in Portugal. Sounded great. I’d go in a heartbeat.

And I’ve used the cork to good advantage, tasty advantage.

Our quarrel, such as it was, was over the relative size/importance on the the world stage of the U.K. Economy.


76 posted on 06/27/2016 3:42:46 PM PDT by dmz
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To: reed13k

Just off the top of my head, that sounds like a recipe for war. Think Lebensraum. I’m open to arguments.


77 posted on 06/27/2016 3:58:10 PM PDT by Chaguito
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To: dmz

>> the relative size/importance on the the world stage of the U.K. Economy.

May not be much U any more. They could call it Little Britain if Wales decides to stay in, or else just go back to England. Hey, it’s a sceptered isle, which ain’t bad.


78 posted on 06/27/2016 4:03:53 PM PDT by Lisbon1940 (No full-term Governors)
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To: ground_fog

Yes Jim Rogers is gloom and doom on any given day. Not that I believe things are good. They are pretty bad. We were in Bass Pro Shop today and we could hardly shop for the employess either sayin hi or asking us if they could help us. My guess is sales are waay down.


79 posted on 06/27/2016 4:09:31 PM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: Rurudyne
Call me “suspicious” but I’m tempted to think that some people are trying to spread a momentary panic to create a buy opportunity for themselves at the expense of those they scare....

Yep. They create an opportunity for themselves, and assign a scapegoat for the loss the others take. A win-win, for them, and totally fraudulent...

the infowarrior

80 posted on 06/27/2016 6:37:14 PM PDT by infowarrior
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