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Jim Rogers Bailey McCann, Opalesque New York:
The US may be due for another recession, according to Jim Rogers. The outspoken investor and author noted that based on historical cycles of the US economy, "by 2013-14 we are overdue for another recession." Rogers was recently interviewed by Sona Blessing for Opalesque Radio.
Rogers is well known throughout the financial community, for his role as co-founder of the offshore Quantum Fund, the Rogers International Commodities Index (RICI) and as the author of several books discussing global economics and finance.
According to Rogers, 2012 is shaping up to look positive for investors and global economies. This is partly driven by the US election and other high profile international elections such as the presidential election in France. However, next year and the year after may prove more troublesome.
"The overall situation is getting much worse because the debt is going through the roof for all of us. You should be worried about 2013, 2014 but overall 2012 won't look so bad," he explains.
Along with increased debt, historical cycles of the US economy suggest that we may be due for another recession. "Profitability for american companies is at an all time high if you measure return on equity. Some people anticipate that profits cannot get much better but even if they do they can't last much longer," Rogers notes...................... To view our full article Click here
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