Markets: "It is going to be worse than 2008"

It is going to be worse than 2008, you are going to see bankruptcies, the debt is much higher all over the world now than it was 8 years ago. Even China now has a lot of debt which did not have in 2008. I am afraid we are going to see a lot of problems, everybody`s debt is going through the roof, money has been printed, be worried.

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.

Since When Is Inflation Good For The World?

Since when is inflation good for the world? I have read lots of history books and economic history books and I have never heard except in the last decade people advocating inflation. Inflation is usually something that people tend to stay way from and if you want to use the Japanese example, the Japanese stock market today is down 60 percent from its all time highs, 26 years ago. If you want to use Japan as an example I am afraid we got a long, long period of problems ahead of us.

(Nikkei 225 Index, S&P 500 Index)

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.