Chairman of the Board of Rogers Holdings and the legendary economist and publicist investor Jim Rogers believes that the US will slide into recession with a probability of 100% on the segment the next 12 months - by AMarkets materials.
The recent recession was 7-8 years ago. Every 4-7 years, America, as the long history, immersed in a new wave of crisis. The current sluggish recovery cycle has reached its peak. It will be a drop - says the expert. An additional argument - increasing America's debt, which is increasingly difficult to maintain. Other triggers - China is weak, devoid of ideology Japan, losing the unity and integrity of the Eurozone economy. Rogers adheres ultramedvezhih views on America.
The consensus forecast of Wall Street about the likelihood of a recession - it is 33%. Rogers argues that the clear signals of an approaching recession have already taken place - in particular, the tax figures peyrols pretty sad. Rogers, nevertheless keeps long dollar positions, which usually moves in reverse correlation with Commodities (raw material falls, USD increases and vice versa). However, the expert believes that the risks to the dollar hype bubble wrap if the vast majority of investors allokiruet their capital in USD. Rogers does not advise players to buy the yen as a safe asset. Sam investor recently abolished all open long positions in the yen.