Jim Rogers: "Next Bear Market Will Be Worst In My Lifetime"

For months now, Jim Rogers has been talking to anybody (who cares to listen) about the coming equity crash, which he said would be the "worst in his lifetime" - and he's a spry 75 years old.

Today, in his latest pessimistic prognostication, the co-founder of George Soros' Quantum Fund told Bloomberg  that the fact that the total US debt pile has only increased since the financial crisis threatens to upend stocks, and that he believes the current turmoil will continue  until Jerome Powell and company hike rates next month. Or alternatively, it could just make the crash that much worse: as volatility surges and investors in certain highly risky volatility-linked products have seen all of their savings wiped out, the new Fed chair could rethink a hike, for fear of exacerbating the selloff.

"When we have a bear market again, and we are going to have a bear market again, it will be the worst in our lifetime," Rogers said. "Debt is everywhere, and it’s much, much higher now."

Rogers has seen severe bear markets, including the most recent crash when the Dow plunged more than 50% during the financial crisis, from a peak in October 2007 through a low in March 2009. It sank 38% from its high during the IT bubble in 2000 through a low in 2002.

"Jim has been talking about severe corrections since I started in business over 30 years ago," said Alibaba Group President Mike Evans, a former Goldman Sachs Group Inc. banker. "So I’m sure he’ll be right at some point."

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Ok, so we know the magnitude, we just don't know the timing: why not also give a time frame for this next "epic" market crash? Simple: Rogers admits he's terrible at timing selloffs, which - of course - is just as important as getting the event right.

"I’m very bad in market timing," Rogers said. "But maybe there will be continued sloppiness until March when they raise interest rates, and it looks like the market will rally."

Listen to the interview below:


MK ULTRA Alpha BurningFuld Fri, 02/09/2018 - 17:16 Permalink

His entire life has been a Bear Market.

The sun is dimming and now we're going to freeze to death.

It's the newest doom mantra. Mass hysteria, manic depressive media, professional doom and gloom experts paraded out to tell us the world is coming to an end, it's all a constant stream of inverted logic from the inbred species and their helpers the inbred homosexuals.

The war between the human species and the inbred species has caused a low intensity civil war with the inbred species using the race card to start a race war.

It's the same pattern across Europe and all through history. But in the mean time, prepare for global cooling caused by man, and the needed controls placed on man to save us.

Control after control, speech control, censorship control, media mind control, electronic monitoring grid control, police state control, FEMA control, Homeland Security and the posse of the 17 intelligence agencies control, federal, state, county and city control, it's a control freaks paradise. We need a nuclear war to warm us up because we're buried under control.


In reply to by BurningFuld

MK ULTRA Alpha American Psycho Fri, 02/09/2018 - 18:08 Permalink

Jim Rogers is not a billionaire. Stockman wants to cut social security and steal the money which is around $3 trillion in government IOU's for wall street, but he's not a billionaire. Schiff is a small player, he's not a billionaire. And Faber is not a billionaire.

The media runs these clowns all the time, they're not the center of the action and they're known for doom porn. Their predictions are inaccurate.

ZH focuses on doom and gloom, it's a product of the Obama communist defeatist era national psychology. It was a fad mantra which is changing, like a mega trend, a new mantra is replacing the old mantra.

The communist are disorganized and fighting among themselves, they can not promote and no longer support many angles of the defeatist mantra.

In reply to by American Psycho