Posted on 06/09/2017 6:22:34 AM PDT by SkyPilot
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 transcript of the video.
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.
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?
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Blodget: And how big a crash could we be looking at?
Rogers: It’s going to be the worst in your lifetime.
(Excerpt) Read more at businessinsider.com ...
Stock valuations are priced for perfection. We have massive levels of debt. And, the number of flash points in the world seems to be increasing daily. Rogers is probably right; all it will take is one spark to trigger a precipitous decline in the market and the onset of a serious recession.
Of course the Republicans could help us out out a lot by passing Trump’s agenda to stimulate and bolster the economy, but they are dragging their feet as usual.
Should be plenty of deer around—if ya need a “snack”.
And don’t we all believe that it was Soros who pulled a massive amount of Capital out of the Market in August, 2008, to help Obama win the election? McCain rushed back to DC to help with the ‘crisis’, while Obama coolly said ‘they can call me if they need me’. Manipulation of the masses is a Soros specialty.
... and forever stamps. Buy them by the truckload.
I’m in the biz. We’ve spoken a few times. Most arrogant butthead i’ve ever had the misfortune to come across.
“Rogers is probably right;”
Rodgers hopes suckers follow his hype.
I am going to heed Mark Twains advice now concerning “arguing with a fool”. Have a good day.
On TV he comes across as a complete idiot and raving lunatic. Who, in their right mind, would take financial advice from this clown?
Who, in their right mind, thought it would be a good idea to give this guy a national spotlight on his lunacy?...........
Produce some bacon for your local mosque as a sign of neighborly good will.
Triggered by the Hand of God I’m thinking...
What about you beloved?
I’ve been hearing these apocalyptic pronouncements since I was a child in the 1970s. And so what if the markets did crash? They’ve crashed before.
The Sun will keep rising and I will still have to mow the lawn this weekend.
I do, but don’t have one locally.
When is the Amazon style open source software?
One click and anyone can create an online retail with book reviews and check out.
Trump should encourage the software side. A 1000 Amazons are a simple click away. Is the Trump team listening?
Look into a self directed version of a retirement plan that allows you to invest in physical gold.
No, I am not going to tell you to move EVERYTHING in to physical metals. I AM going to suggest you move 5-10% into “hard assets.”
If the market falls 80%, that 10% in hard assets is going to go a long way to offsetting your loss, and provide you with some “value” insurance.
Don’t let anyone kid you about metals: if they go up as much as some people say they will, life will be horrible whether or not you own them. Gold and silver is insurance against inflation. It is not an “investment” per se.
Similar predictions have been rampant for over a year now from other “experts.”
I agree, and you and I are not the only ones to feel this way.
It also looks that the establishment, the Globalist's, and the media, and the left's poltical terror and coup against Trump is losing steam, or at least firing blanks.
As you said, if they cannot take him out politically, they may well "pull the plug" on the markets.
He was trendy when he first got exposure. I don’t know why they keep him on.
>> governments are gonna have to really increase taxes on INCOME of those that do have an income, though, just to survive. <<
That hurts children.
Why are folks so eager to hurt children?
I have watched that video before, and it is brilliant, and also very scary.
The thing about the facts you cited is that some investors worry about a collapse of the commercial real estate market. That collapse could be a "trigger" for a larger collapse. Interestingly, a lawyer who deals in commerical real estate told me that if ObamaCare were repealed, the commercial real state market would probably collapse. I asked him why, and he said it was complicated, but I believe it involves the projections of all the millions getting free or subsidized care in the health industry, and how that drives commerical real estate occupancy, leases, and growth.
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