Economics of Liberty Headline News

Revered Investor Predicts Another U.S. Recession in A Year

According to a new report from Business Pundit, acclaimed businessman and investor Jim Rogers is “100% sure” of an impending second recession within the year.

“It’s been seven years, eight years since we had the last recession in the US, and normally, historically we have them every four to seven years for whatever reason—at least we always have … It doesn’t have to happen in four to seven years, but look at the debt, the debt is staggering.”

The fact that Wall Street economists only project a 33% chance of this happening didn’t seem to phase Rogers, and he more or less seemed to consider them not much more than government cronies.

“Don’t pay attention to the government numbers, pay attention to the real numbers,” he was reported to have said.

Read the full story and decide for yourself. Is Rogers making an accurate prediction?

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