03/20/10

Permalink Jim Rogers: Economy Will Run Out of Gas by 2012 -Video

China and commodities bull Jim Rogers thinks the economy is going to eventually run out of gas by 2012. While he doesn’t call this a double dip, he does say that “the next time it’s going to be worse because we’ve shot all of our bullets.” With zero interest rates and huge government deficits all around, policy options are definitely more limited. As for currencies, he sees weakness all around because of the ‘liquidity seeking return’ mentality in which stock markets are buoyed by easy money.

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