Monday, October 11, 2010

When A Recession Comes Again, We Are Going To Have A Serious Problem

October 9, 2010
Jim Rogers in CNBC

Every 4 to 6 years in the history of America we`ve had a recession or an economic slowdown. It comes fairly regularly. So by 2012 we are overdue again. Whether it comes in 2011 or in 2013, I don`t know. My only point is, its coming again and when it comes the next time what is the government going to do? We can`t quadruple the debt again, Mr. Bernanke can`t print any more money, there are not enough trees for him to print that much money.

So we are going to have a serious problem.

Latest video interview, Yahoo Finance`s TechTicker.

No comments: