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 ...
Second, they are blaming the UK of bringing down the entire world markets. Seriously? The fact is the world markets have been running on fumes for years now. They will blame the UK an economy the size of a pea for creating all the problems as a scapegoat. How ridiculous.
Nahh, when Hillary wins and those who have been holding back the dam of financial doom are finally broken through, she will blame Trump for all this financial woe and crow about how wonderful the American people chose her instead as Trump merely would have profited from their misery.
The bond market being inflated by “Quantitative Easing” will likely cause a huge bear market that has nothing to do with Brexit. While the “Brexit” might be an excuse to start the bear market early, a bear is coming no matter what because of what Obama did to this country.
Commonly known as the best buying opportunity of a lifetime.
Plus, 2 trading daze = trend?
Both Steve Forbes and Ted Cruz specifically said we need to stop having a fiat-based currency and start a transition to an asset-based currency. I would not be surprised that Trump thinks the same way, too.
So that’s a GOOD CRISIS .... which will get down a FAILED SYSTEM built by big croocks !
BYE !
big deal.
The first was a major manipulation.
Today was well within the normal fluctuations
Jim Rogers , a Soros buddy, has been calling for a collapse every since since the last one. he is always collapse
No pain, no gain. The World market is out of shape, so it will take time to get strong again.
Nahh, when Hillary wins and those who have been holding back the dam of financial doom are finally broken through, she will blame Trump for all this financial woe and crow about how wonderful the American people chose her instead as Trump merely would have profited from their misery.
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You don’t have the stomach for a Trump win!
Dunno about a "pea sized economy" for the UK. They are the 5th largest economy in the world (US, China, Japan, and Germany lead it, in that order).
So much hair on fire bluster and BS. Economic collapse? Bring it. I’d rather endure financial hardship and be free of these globalist goons than be under their total tyranny by regulatory fiat.
They will blame the UK an economy the size of a pea for creating all the problems as a scapegoat. How ridiculous.
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More ridiculous is your absurd underestimation of the size of the UKs economy.
http://statisticstimes.com/economy/countries-by-projected-gdp.php
It is only a good thing for the UK to leave the EU if the UK couples its exit with Thatcher-like reforms and better self-governance. Mere exit is not enough.
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....
Trump has made a few statements in that direction.
More ridiculous is your absurd underestimation of the size of the UKs economy.
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That is ridiculous.
The economy for Main street is non existent. The average Briton is getting beaten up economically. What vote won Brexit? It was northern England where the blue collar people live.
Good point: they can have their correction and blame something besides their nefarious scheme to pick posterity’s pockets.
It ain’t Brexit causing it. It’s a combination of fake money, importing foreigners to replace citizens of various nations, pimping of ridiculous liberal causes, like ‘global warming” and making it difficult for businesses in general.
IOW, the Obama-type policies that are destroying America.
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