Jim Rogers Forecasts A Lost Decade For America and A Weaker US Dollar

Jim Rogers is pessimistic about the US economy, and says America will go through a lost decade while the US dollar will lose more ground against the Euro in the long term.

In an interview earlier today with Bloomberg’s news bureau in Turkey (BloombergHT), Rogers said the currency wars are to blame for causing problems in the world economy.

He was initially commenting on the Chinese economy, saying China’s future is very bright but still faces some obstacles. He said China’s resistance to a floating Yuan is causing problems in the world economy.

“There are no winners in trade wars; everybody loses”, he said.

Rogers then moved on to the Japanese and US economies. He said that Japan is still struggling with the same problems it struggled with 20 years, after the 1990 crisis. Rogers was pessimistic about the US economy. He said, “it can be said that America will experience a lost decade”.

Jim Rogers was also pessimistic about the British economy, calling it “in terrible shape”. He wasn’t so sure where gold prices are going, but still predicted gold prices to increase in the next 10 years because of a trend, he says, of investing in gold as an alternative investment.

Jim Rogers rounded off his advice with his take on the Turkish economy, saying, “The Turkish economy is in better shape than are most other economies”. We at Insider Monkey wonder what he really knows about the Turkish economy, and please, who cares? (See What Bill Ackman confesses in Turkey)

Source: (Turkish) http://ekonomi.haberturk.com/makro-ekonomi/haber/563642-turkiye-pek-cok-ulkeden-daha-iyi-konumda

BloombergHT did not provide a video or English transcript of this interview, so Insider Monkey, your source for free insider trading data, had to translate the interview back to English.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!