Veteran Investor Forecasts Next Bear Market Will Be ‘Worst In Our Lifetime’

Veteran Investor Forecasts Next Bear Market Will Be ‘Worst In Our Lifetime’…

Bear Market - Image Copyright TheEventChronicle.Com

Bear Market – Image Copyright TheEventChronicle.Com

Some of the most astute financial investors are the one’s like Jim Rogers – Mark Mobius – Marc Faber although they do not chase or indeed want a similar high profile image like say George Sorus… These guys are serious players who have been moving billions of dollars around the globe for decades…

Hence when one of these players speaks it is time to take note. Here is how Jim Rogers views the latest market crash that has reverberated around stock exchanges around the globe. He says quite simply the next bear market will be ‘worst in our lifetime’ – Jim Rogers

This week’s dramatic stock market sell-off has raised concerns of an impending bear market, which, according to legendary investor Jim Rogers, will be more catastrophic than any other market downturn that he has lived through. Big Brother is watching you: Jim Rogers prophesizes death of cash & total govt control of spending

“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 told Bloomberg.

According to the veteran investor, that will happen because even more debt has accumulated in the global economy since the financial crisis, especially in the US. “Debt is everywhere, and it’s much, much higher now,” he said, adding that he expects the current stock market rout to continue.

Rogers, however, added that he wouldn’t go so far as to say this was the start of a bear market, which is typically defined as a drop of 20 percent or more from a significant peak.

The market may sputter for the next several weeks, according to the Quantum Fund co-founder, who says it will rally only after the Fed raises interest rates in March, as is expected.

Rogers has already witnessed several bear markets, including the crash of 1987 (a 36 percent decline), the bursting of the dot-com bubble of 2000-2002 (a 38 percent drop) and the Great Recession of 2007-2009 (a 54 percent fall). – Quote attribution RT.Com

Veteran Investor Forecasts Next Bear Market Will Be ‘Worst In Our Lifetime’…

Legend

Jim Rogers – meaning – James Beeland Rogers Jr. (born October 19, 1942) is an American businessman, investor, traveler, financial commentator and author based in Singapore. Rogers is the Chairman of Rogers Holdings and Beeland Interests, Inc. He was the co-founder of the Quantum Fund and creator of the Rogers International Commodities Index (RICI). – more – Rogers does not consider himself a member of any school of economic thought, but has acknowledged that his views best fit the label of the Austrian School of economics. – Quote attribution Wikipedia.Org

Marc Faber – meaning – Marc Faber (born February 28, 1946) is a Swiss investor based in Thailand. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd, which acts as an investment advisor and fund manager.Faber also serves as director, advisor, and shareholder of a number of investment funds that focus on emerging and frontier markets, including Asia Frontier Capital Ltd.’s AFC Asia Frontier Fund. – Quote attribution Wikipedia.Org

Mark Mobius – meaning – Joseph Mark Mobius (born August 17, 1936) is an emerging markets fund manager at Franklin Templeton Investments. Mark Mobius, Ph.D., executive chairman of Templeton Emerging Markets Group, joined Templeton in 1987. Currently, he directs the Templeton research team based in 18 global emerging markets offices and manages emerging markets portfolios. In 2015, after leading the company for a quarter of a century, Mark Mobius decided to step down as the lead manager of the Templeton Emerging Markets Investment Trust (TEMIT) and handed over control of the fund to Carlos Hardenberg. He remains on the portfolio management team of the trust (TEMIT). – Quote attribution Wikipedia.Org

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