03 Feb
Jim Rogers: ‘It’s going to be much worse’ - Jan. 31, 2008
Famed investor Jim Rogers is predicting that the United States will fall in to the worst recession since World War II. Rogers believes that we go go beyond a recession and enter into a period of stagflation ( (a combination of slow economic growth and inflation). Rogers has even gone so far as to sell his New York mansion and relocate to Singapore to be closer to the strong Asian markets.
The message is clear here: be prepared. Economies are too complex for any one person to predict, however there are clear indicators that things are turning in the wrong direction. Use caution, build your savings and cut your spending.
