Legendary Investor Jim Rogers Warns That The Worst Stock Market Crash In Your Lifetime Is Coming ‘This Year Or Next’ – Michael Snyder THE ECONOMIC COLLAPSE BLOG
 Posted: 11 Jun 2017 Michael Snyder THE ECONOMIC COLLAPSE BLOG
If Jim Rogers is right, the worst stock market crash that any of us has ever seen is right around the corner. For the past 15 years, Rogers has been a frequent guest analyst on CNBC, Fox News and elsewhere, and he is immensely respected for the depth of knowledge and experience that he brings to the table.
So the fact that he is warning that we are about to see the worst stock market crash in any of our lifetimes is making a lot of waves in the financial community. And of course Rogers is far from alone. Previously, I have written about several other prominent experts that are warning that a new financial crisis is imminent, and I have also discussed how a number of big investors are quietly positioning themselves to make an enormous amount of money when the markets crash. Could it be possible that all of these incredibly sharp minds could be wrong? Yes, but I wouldn’t bet on it. I was actually quite stunned when I first learned what Jim Rogers had told Henry Blodget of Business Insider during a recent interview. Rogers has built up a tremendous amount of credibility, but now he is putting that credibility on the line by warning that a great stock market crash will happen by the end of next year. Here is the key portion of the interview … Blodget: Well, yeah, TV ratings do seem to go up during crashes, but then they completely disappear when everyone is obliterated, so no one is hoping for that. So when is this going to happen? Rogers: Later this year or next. Blodget: Later this year or next? Rogers: Yeah, yeah, yeah. Write it down. There is no backing out of a statement like that. If Rogers is wrong, he will never hear the end of it. Subsequently, Blodget and Rogers also discussed how severe the coming crisis would be… Blodget: And how big a crash could we be looking at? Rogers: It’s going to be the worst in your lifetime. Blodget: I’ve had some pretty big ones in my lifetime. Rogers: It’s going to be the biggest in my lifetime, and I’m older than you. No, it’s going to be serious stuff. So that means that Rogers is convinced that the coming crisis is going to be even worse than what we went through in 2008. Of course this is something that I have been warning about for quite a while, but for Jim Rogers to make a statement like this is a really, really big deal. Later in the interview, Rogers shared more details about what he believes the coming crisis will look like… You’re going to see governments fail. You’re going to see countries fail, this time around. Iceland failed last time. Other countries fail. You’re going to see more of that. You’re going to see parties disappear. You’re going to see institutions that have been around for a long time — Lehman Brothers had been around over 150 years. Gone. Not even a memory for most people. You’re going to see a lot more of that next around, whether it’s museums or hospitals or universities or financial firms. That definitely sounds like an “economic collapse” to me. Of course the truth is that the U.S. economy is already in the midst of a slow-motion economic collapse that stretches back for decades, but this coming crisis that Rogers is talking about is going to great accelerate matters. Let us hope that it is put off for as long as possible, but at some point we are simply going to run out of time. And when markets do start falling, they can move very, very rapidly. Just look at what happened on Friday. Technology sector stocks were down 2.7 percent, and the FAANG stocks were some of the biggest movers…
If we are indeed moving toward a new crisis, one of the things that we will want to watch for is an inverting of the yield curve.
Another key indicator is the growth of commercial and industrial loans. According to Zero Hedge, this indicator has correctly foreshadowed every single recession since 1960…
So considering the fact that this indicator has been so accurate, it is extremely alarming that we could see our “first negative loan growth” since the last financial crisis “in roughly 4 to 6 weeks”…
And when you throw in all of the other signs that the U.S. economy is slowing down, a very clear picture begins to emerge. |
