Jim Rogers: We Are Heading into the "Worst Recession of My Lifetime"
Prof. Glenn Diesen interview with Jim Rogers
Jim Rogers has been a legendary investor for more than 50 years, and his advice is sought by experts around the world. Rogers is convinced that we are now entering the worst recession of his lifetime as a market correction is long overdue, and the fundamentals of the US economy are so weak that the coming crisis cannot be managed. The unsustainable debt cannot be resolved, and a dollar crisis is pending. Trump’s tariffs sow uncertainty and will likely have severe long-term consequences.
Thank you Glenn, but your guest talks about nothing. He seems completely disinterested in the world outside his own room, and zero interest in helping others navigate this nightmare. I picture him sipping champagne on a yacht while the world burns.
There'd be no point to Trump's tariffs if they didn't have any significant consequences. The question, as ever, is who will bear the cost of those consequences and who will reap the benefits?
As is disturbingly common, nobody of consequence is even asking this question, let alone attempting to answer it with anything other than hysterical hand-waving.