When it comes to economists, investors, and all manner of financial observers, there is only one way to measure the value of their opinion. Are they good at predicting the future? Obviously, no one can predict the future with 100% certainty, but they should be able to make some broad predictions with reasonable accuracy. If they don’t have a good track record of that, then their opinions are worthless.
World famous investor Jim Rogers doesn’t have that problem. Since the 1970’s, he’s consistently made a killing every time the global economy has taken a nosedive. You can only do that if you have gift for prognostication, and Jim Rogers has it. However, his latest prediction is alarming to say the least.
During a recent interview with Business Insider CEO Henry Blodget, Rogers predicted that another global economic crash will arrive within the next year or two, and that it will largely be fueled by the massive debt obligations and financial bubbles that grew to mind boggling levels after the last financial crisis. When asked how serious this crash is going to be, he gave a sobering warning.
This post was published at shtfplan on June 13th, 2017.