Posted on 06/01/2023 9:24:24 AM PDT by CFW
Stocks have climbed in 2023 after suffering through a bear market in 2022. But according to legendary investor Jim Rogers, the next downturn could be more painful.
In a recent interview with Real Vision, Rogers explained why his outlook is so bleak.
“[In] 2008, we had a bear market because of too much debt,” he said. “Look out the window since 2008, debt everywhere has skyrocketed.”
And that does not bode well for investors.
“It’s a simple statement that the next bear market will be the worst in my lifetime because the debt has gone up by such staggering amounts in the past 14 years.”
Rogers has plenty of experience in leveraging market volatility to his advantage. He co-founded the Quantum Group of Funds with George Soros in 1973 and played a crucial role in navigating the fund through multiple market downturns and economic crises in the 1970s and 1980s.
(Excerpt) Read more at finance.yahoo.com ...
1. Real assetsExcept the EU and John Kerry are out to destroy agriculture. Will the anti-ag people get enough traction to really drive down ag prices and farmland prices?
“The best place to be when you have inflation is real assets, and real assets are commodities.” Rogers revealed that he owns silver and said he would buy more of the metal “if it goes down more. The cheapest asset that I know is still commodities,” he said. “Silver is down 60% from its all-time high.”2. Agriculture
Agriculture may not seem as exciting as artificial intelligence or cryptocurrency, but it is an essential part of the economy and society. Without it, there would be no food on people’s plates. Rogers points out that the segment has yet to gain significant traction, which could lead to opportunities.Investors can gain exposure to agriculture through exchange-traded funds (ETFs) like the Invesco DB Agriculture Fund (NYSEARCA: DBA). If you are bullish on specific agricultural commodities, you may want to check out names like the Teucrium Wheat Fund (NYSEARCA: WEAT) and the Teucrium Soybean Fund (NYSEARCA: SOYB). Of course, you can also invest in farmland itself. There are real estate investment trusts (REITs) that specialize in agricultural land. And if you don’t like the volatility associated with publicly traded REITs, you can also look into platforms that allow individuals to invest directly in farmland assets through the private market.
It's also interesting that Rogers is bullish on two sectors that are always in the doldrums - precious metals and ag.
I am ready. Most assets converted to cash and no debt. I want the markets to fall 80% and liberals in Manhattan to starve or throw themselves out of high windows in mass.
Let’s see how liberal Karens are when they have to turn tricks for $3.00 with illegal aliens?
An economic collapse will stop the perverts agenda cold.
...”Most assets converted to cash and no debt”...
Why would you convert assets (which will grow with inflation) to cash which is being devalued?
just asking for a friend ;)
Sorry. The only financial advice that I listen to is from Jim Cramer. After I hear it, I immediately do the opposite.
I don’t know who Jim Rogers is, but Kenny Rogers would own a few chicken roasters.
“Macy’s and Costco sound a warning about the economy”
“Macy’s, Costco and other big chains say shoppers are pulling back at their stores and changing what they buy. That could be a red flag for the US economy.
Macy’s (M) on Thursday cut its annual profit and sales forecast after customer demand slowed in March.
“The US consumer, particularly at Macy’s, pulled back more than we anticipated,” Macy’s CEO Jeff Gennette said on an earnings call Thursday. Customers “reallocated” spending to food, essentials and services, he said.
Same-store sales at the Macy’s sank 8.7% last quarter, while the higher-end department store Bloomingdale’s dropped 3.9%.”
‘You Should Be Extremely Worried’: As long as Biden and party are in charge they have a track record of colossal damage in every point of the economy.
Bonus Round: World events
I don't think you have been paying attention. Who do you think will have the perfect plan to "save" us after the collapse?
All that will be needed is CBDCs, total digital surveillance, climate justice and perfect racial equity. Then we will be as good as new again.
He is/was a partner with Soros.
Rogers is a perma bear.
Good guy, but keep that in mind.
No one can be ready. ALL assets , even ones held in your hand, are bought, stored or, traded, are redeemed in USD- when the “ unit of measure “ starts falling, you receive a double whammy. When inflation takes its chunk, the “ triple whammy “ occurs and feeds the USD decline.
My best guess, Argentina, here we come…..it started in 2001 for them-and like them- it will not collapse overnight….a series of crisis’s- inflation, currency devaluations, shortages, lock up of credit, bank failures, etc.
The left is trying to destroy agriculture by restricting fertilizer use. The USA and Canada are following the globalist lead being implemented in The Netherlands where the government is seizing farmland and implementing numerous regulations to impact crop farming and cattle farming.
In a severe market crash cash loses less value. At least it appears that way to me. And cash includes very liquid money market funds
Also we are looking to relocate out of the US. To legally avoid US income taxes in that event we must not not have any US assets. So, we sold while the market was high. This lets us move quickly if we want.
We are fortunate to have enough that we do not need to make more.
We have no debt and no earned income. Neither Josef Stolen or the woke banks makes money from us.
In many respects, we have gone Galt.
I don't understand people getting out of the stock market entirely and converting to cash. Inflation will surely eat away at your cash. As for gold and silver, it was mentioned in the article that silver was 60% off its alltime high. That doesn't seem like a great ROI though personally, I do have about 15% of my portfolio in a gold/silver IRA. I track that monthly and it's basically been flat for a long time while my stock holdings have averaged more than a 10% return over the years on an annual basis.
I still think I should keep about 60% of my portfolio in stocks (indexed to S&P 500). If all the companies in the Standard and Poor 500 went out of business, well, then we would have a lot more to worry about.
“Why would you convert assets (which will grow with inflation) to cash which is being devalued?”
Many of us do not believe those assets will grow with inflation because they are overvalued now.
The stock market has been a great investment for decades.
Some see that as a reason to stay in.
I see it as a reason to sell now and take the profits.
Pigs get fat and hogs get slaughtered.
I like Silver.
The only investment I have made that has paid off was education and training. I had real estate and the crash wiped it out as no one was renting and I got laid off. Then, I recovered and started a very nice manufacturing business. Government shut down the sector of the economy for the kung flu and wiped out 95% of everything I had. I despise government. Absolutely despise the clown running it. They’ve taken everything I worked for twice, but they can’t take away my education, which is valuable to a lot of customers. It is not very profitable but I am comfortable. I fear any investments I make in bonds, stocks, PMs, etc will simply be destroyed again by idiots like the child groping pervert in chief.
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