Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

JIM ROGERS: The worst crash in our lifetime is coming
Business Insider ^ | 8 Jun 17 | Jacqui Frank and Kara Chin

Posted on 06/09/2017 6:22:34 AM PDT by SkyPilot

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 in the next few years. One that he says will rival anything he has seen in his lifetime. Following is a transcript of the 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 gonna 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?

Rogers: Later this year or next.

Blodget: Later this year or next?

Rogers: Yeah, yeah, yeah. Write it down.

Blodget: And what will trigger it?

.........................

Blodget: And how big a crash could we be looking at?

Rogers: It’s going to be the worst in your lifetime.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Extended News; Government; News/Current Events
KEYWORDS: business; crash; economy; jimrogers; stockmarket
Navigation: use the links below to view more comments.
first previous 1-20 ... 81-100101-120121-140141-145 next last
To: Mr. Jeeves

All big retailers have infrastructure, JC Penny, KMart, Target. Infrastructure is omnipresent everywhere. Empty buildings everywhere. Plenty of shipping exists such as UPS.

CEOs of every retail company are losers, big losers. They know what they see. But software is unseen.

Every big retailer’s software is trash. That is the DIRECT connection to their customer, and it is trash.

CEO losers.

Hey, let us hire more of the same, with disdain for their customer. lol


101 posted on 06/09/2017 9:31:56 AM PDT by TheNext (SLOW FUND Wall = Trump 2020 Trump Jr 2024 Eric 2032)
[ Post Reply | Private Reply | To 92 | View Replies]

To: pepsionice
If during cancer treatment I get stung by a bee but then I die 3 years later are going to blame my death on the sting?

Your first post was true. You accurately depicted the cause of the Great Depression but forgot to insert the globalist mantra lie about Smoot - Hawley! Whoops!

102 posted on 06/09/2017 11:07:30 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 100 | View Replies]

To: SkyPilot

.
He has predicted market crashes almost every year.

What happened to the crash he promised in February 2016?

All of this market doom is the wishful thinking of the international bankers that hate to see the world’s only free nation on top.
.


103 posted on 06/09/2017 11:11:07 AM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Mr. Douglas

.
>> “This whole thing is not about “if”. It is about “when”, and it’s NOT just the US.” <<

Read your Bible!

The economic doom is all in the 7th seal.

We’re presently at the early part of the 6th seal.
.


104 posted on 06/09/2017 11:15:55 AM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
[ Post Reply | Private Reply | To 7 | View Replies]

To: wiggen

Cramer’s a frontrunner. He’s just not been caught yet. He’s the new millennium version of Dan Dorfman.


105 posted on 06/09/2017 11:21:25 AM PDT by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
[ Post Reply | Private Reply | To 65 | View Replies]

To: Red Badger
I won’t believe it until Kramer tells me it’s so.....................


106 posted on 06/09/2017 1:10:56 PM PDT by Old Yeller (Auto-correct has become my worst enema.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Old Yeller

I’d believe him before that fat pig one............


107 posted on 06/09/2017 1:15:16 PM PDT by Red Badger (Unless you eat The Bread of Life, you are toast!.......................)
[ Post Reply | Private Reply | To 106 | View Replies]

To: central_va

EF Hutton. Sorry for my typing.


108 posted on 06/09/2017 1:38:23 PM PDT by Lumper20
[ Post Reply | Private Reply | To 95 | View Replies]

To: SkyPilot

Obama opened Freddie and Fannie to every minority for home loans. Look at all the new construction now.


109 posted on 06/09/2017 1:40:06 PM PDT by Lumper20
[ Post Reply | Private Reply | To 88 | View Replies]

To: Starboard

So your advice to avoid the downturn is to never invest in stocks?


110 posted on 06/09/2017 1:40:57 PM PDT by TexasGator
[ Post Reply | Private Reply | To 98 | View Replies]

To: central_va

True.


111 posted on 06/09/2017 1:41:29 PM PDT by Lumper20
[ Post Reply | Private Reply | To 102 | View Replies]

To: Mr. Douglas; SkyPilot

Nobody believed me in 2006 nor 2007.

And it was worse than I thought. I was already feeling the effects.

I know all too well the damage that’s been done.


112 posted on 06/09/2017 2:35:03 PM PDT by SaveFerris (Hebrews 13:2 Do not forget to entertain strangers, for ... some have unwittingly entertained angels)
[ Post Reply | Private Reply | To 7 | View Replies]

To: elcid1970

He’s now on silver.


113 posted on 06/09/2017 2:37:48 PM PDT by SaveFerris (Hebrews 13:2 Do not forget to entertain strangers, for ... some have unwittingly entertained angels)
[ Post Reply | Private Reply | To 28 | View Replies]

To: Vermont Lt
No, I am not going to tell you to move EVERYTHING in to physical metals. I AM going to suggest you move 5-10% into “hard assets.”

You want my take on protecting yourself with some value insurance? Move 5% into cash and keep it handy around the house. You'd be surprised how many people don't have any cash on hand. If you do have it, and it's in a bank, you may have difficulty obtaining it when the SHTF during a collapse. A lot of people don't even have cash at all, living paycheck to paycheck. Cash will help you get what you need in hard times, from black markets or paying under the table for goods and services. Not everyone will take physical metals, let alone give you change.

114 posted on 06/09/2017 2:40:52 PM PDT by roadcat
[ Post Reply | Private Reply | To 74 | View Replies]

To: SkyPilot
In 2007, Iceland went broke. People said, ‘Iceland? Is that a country? They have a market?’ And then Ireland went broke. And then Bear Stearns went broke. And Lehman Brothers went broke. They spiral like that.

Puerto Rico

in 2017 alone such well-known companies as Payless, Wet Seal, The Limited and hhgregg have filed for protection.

115 posted on 06/09/2017 2:41:51 PM PDT by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
[ Post Reply | Private Reply | To 1 | View Replies]

To: mjp

Seen some empty Payless stores around me. A shell with nothing in it.


116 posted on 06/09/2017 2:47:58 PM PDT by SaveFerris (Hebrews 13:2 Do not forget to entertain strangers, for ... some have unwittingly entertained angels)
[ Post Reply | Private Reply | To 115 | View Replies]

To: Old Yeller; raygunfan; Gamecock; Larry Lucido; KC_Lion; FredZarguna; PROCON


Kramer: All these big companies, they just write it off!

Jerry: You don't even know what a write-off is!

Kramer: Do you?

Jerry: No. I don't!

Kramer: Well they do. And they're the ones writing it off.
117 posted on 06/09/2017 2:50:33 PM PDT by SaveFerris (Hebrews 13:2 Do not forget to entertain strangers, for ... some have unwittingly entertained angels)
[ Post Reply | Private Reply | To 106 | View Replies]

To: SaveFerris

Silver’s barely over $17.00/oz. Bill Devane must be planning to corner the market a la Hunt Bros in 1980.

Sure, I keep some silver cartwheels in the safe. But cash out from stocks? Oh, ye of little faith....


118 posted on 06/09/2017 3:18:04 PM PDT by elcid1970 ("The Second Amendment is more important than Islam. Buy ammo.")
[ Post Reply | Private Reply | To 113 | View Replies]

To: elcid1970

My suggestion would be some in cash, some in cash funds, etc. IOW, a good mix.

I moved my (now long, long gone) 401(k) type money (it was just a few thousand) into bonds in 2007. I actually was still going positive even in 2008 when I had to cash it all in.

Now -— it’s a much different reality. LOL (ouch)


119 posted on 06/09/2017 3:22:28 PM PDT by SaveFerris (Hebrews 13:2 Do not forget to entertain strangers, for ... some have unwittingly entertained angels)
[ Post Reply | Private Reply | To 118 | View Replies]

To: roadcat

For this to become Venezuela overnight, we are going to have bigger problems than no cash. And if it gets to that point, the cash you have on hand will make no difference as it will be worthless (compared to anything else you would barter with.)

We might be headed for a depression, but we are not headed for Mad Max world.

There is a lot of hyperbole getting tossed around and it is scaring a lot of people who have no clue as to what is coming, or what is going on.


120 posted on 06/09/2017 3:26:44 PM PDT by Vermont Lt
[ Post Reply | Private Reply | To 114 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 81-100101-120121-140141-145 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson