Thursday, May 14, 2015

The Next Economic Crisis Will Be Terrible

The next time we have an economic problem in the U.S. it is going to be terrible because the debt has gone up very much.

Asia is a creditor region, a low cost place to do business, taxes are lower, people save and invest here, the savings rate in China is over 35%, in the U.S. is 2 percent. We have to face the facts.

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

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