Worst Crash In Our Lifetime Is Coming - Jim Rogers
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 "later this year or next .... write it down." Rogers say the crash will rival anything he has seen in his lifetime.
Jim Rogers holds a gold coin (Digital Journal)
Here is a transcript of the Business Insider 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 going to 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?