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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
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To: SkyPilot

Stock valuations are priced for perfection. We have massive levels of debt. And, the number of flash points in the world seems to be increasing daily. Rogers is probably right; all it will take is one spark to trigger a precipitous decline in the market and the onset of a serious recession.

Of course the Republicans could help us out out a lot by passing Trump’s agenda to stimulate and bolster the economy, but they are dragging their feet as usual.


61 posted on 06/09/2017 7:56:18 AM PDT by Starboard
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To: WKUHilltopper

Should be plenty of deer around—if ya need a “snack”.


Yep. Sometimes we wake up to three or four feeding in our front yard. Foxes and Coyotes too. But I’ve never tried to eat one.


62 posted on 06/09/2017 7:56:53 AM PDT by Mr. Douglas (Best. Election. EVER!)
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To: TexasGator

And don’t we all believe that it was Soros who pulled a massive amount of Capital out of the Market in August, 2008, to help Obama win the election? McCain rushed back to DC to help with the ‘crisis’, while Obama coolly said ‘they can call me if they need me’. Manipulation of the masses is a Soros specialty.


63 posted on 06/09/2017 7:57:42 AM PDT by originalbuckeye ("In a time of universal deceit, telling the truth is a revolutionary act." - George Orwell)
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To: Don Corleone
Put your money in TAXES. Its the only thing that is sure to go up

... and forever stamps. Buy them by the truckload.

64 posted on 06/09/2017 7:58:24 AM PDT by bankwalker (groupthink is dangerous ...)
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To: Red Badger

I’m in the biz. We’ve spoken a few times. Most arrogant butthead i’ve ever had the misfortune to come across.


65 posted on 06/09/2017 7:58:34 AM PDT by wiggen (#JeSuisCharlie)
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To: Starboard

“Rogers is probably right;”

Rodgers hopes suckers follow his hype.


66 posted on 06/09/2017 7:59:05 AM PDT by TexasGator
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To: TexasGator

I am going to heed Mark Twains advice now concerning “arguing with a fool”. Have a good day.


67 posted on 06/09/2017 8:01:00 AM PDT by traderrob6
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To: wiggen

On TV he comes across as a complete idiot and raving lunatic. Who, in their right mind, would take financial advice from this clown?

Who, in their right mind, thought it would be a good idea to give this guy a national spotlight on his lunacy?...........


68 posted on 06/09/2017 8:01:42 AM PDT by Red Badger (Unless you eat The Bread of Life, you are toast!.......................)
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To: Mr. Douglas

Produce some bacon for your local mosque as a sign of neighborly good will.


69 posted on 06/09/2017 8:02:11 AM PDT by TheNext (SLOW FUND Wall = Trump 2020 Trump Jr 2024 Eric 2032)
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To: SkyPilot; SaveFerris; Lera

Triggered by the Hand of God I’m thinking...
What about you beloved?


70 posted on 06/09/2017 8:04:50 AM PDT by Roman_War_Criminal (Americans are modern day Amorites ripe for destruction)
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To: SkyPilot

I’ve been hearing these apocalyptic pronouncements since I was a child in the 1970s. And so what if the markets did crash? They’ve crashed before.

The Sun will keep rising and I will still have to mow the lawn this weekend.


71 posted on 06/09/2017 8:05:50 AM PDT by SamAdams76
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To: TheNext

I do, but don’t have one locally.


72 posted on 06/09/2017 8:06:50 AM PDT by taterjay
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To: Lumper20

When is the Amazon style open source software?

One click and anyone can create an online retail with book reviews and check out.

Trump should encourage the software side. A 1000 Amazons are a simple click away. Is the Trump team listening?


73 posted on 06/09/2017 8:09:03 AM PDT by TheNext (SLOW FUND Wall = Trump 2020 Trump Jr 2024 Eric 2032)
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To: brownsfan

Look into a self directed version of a retirement plan that allows you to invest in physical gold.

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.”

If the market falls 80%, that 10% in hard assets is going to go a long way to offsetting your loss, and provide you with some “value” insurance.

Don’t let anyone kid you about metals: if they go up as much as some people say they will, life will be horrible whether or not you own them. Gold and silver is insurance against inflation. It is not an “investment” per se.


74 posted on 06/09/2017 8:14:29 AM PDT by Vermont Lt
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To: SkyPilot

Similar predictions have been rampant for over a year now from other “experts.”


75 posted on 06/09/2017 8:20:20 AM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
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To: Erik Latranyi
If they cannot take Trump out politicially, they may try to crash the market and put the blame on him.

I agree, and you and I are not the only ones to feel this way.

It also looks that the establishment, the Globalist's, and the media, and the left's poltical terror and coup against Trump is losing steam, or at least firing blanks.

As you said, if they cannot take him out politically, they may well "pull the plug" on the markets.

76 posted on 06/09/2017 8:27:56 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: Red Badger

He was trendy when he first got exposure. I don’t know why they keep him on.


77 posted on 06/09/2017 8:28:04 AM PDT by wiggen (#JeSuisCharlie)
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To: Mr. Douglas

>> governments are gonna have to really increase taxes on INCOME of those that do have an income, though, just to survive. <<

That hurts children.

Why are folks so eager to hurt children?


78 posted on 06/09/2017 8:32:38 AM PDT by TheNext (SLOW FUND Wall = Trump 2020 Trump Jr 2024 Eric 2032)
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To: Mr. Douglas

I have watched that video before, and it is brilliant, and also very scary.


79 posted on 06/09/2017 8:32:42 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: Mr. Douglas
Not to dwell on particulars, but as much as I hate supporting virtual monopolies, I suspect Amazon Prime will destroy most brick and mortar once and for all. And it will happen FAST. I suspect a lot of them are already dead companies/malls walking trying to figure out how to stop the hemorrhaging before they finally throw in the towel.

The thing about the facts you cited is that some investors worry about a collapse of the commercial real estate market. That collapse could be a "trigger" for a larger collapse. Interestingly, a lawyer who deals in commerical real estate told me that if ObamaCare were repealed, the commercial real state market would probably collapse. I asked him why, and he said it was complicated, but I believe it involves the projections of all the millions getting free or subsidized care in the health industry, and how that drives commerical real estate occupancy, leases, and growth.

80 posted on 06/09/2017 8:35:44 AM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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