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“Worst Recession Since the Second World War”

Posted on | November 16, 2008 | 6 Comments

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Jim Rogers has been correct in many of his predictions.  He shorted Fannie and Freddie in March of 2006 well before the mortgage collapse.  He also started a commodities fund in 1998 before the huge commodities rally.  Although he is sometimes early in his predictions, he is often prophetic in his predictions.  Rogers is currently shorting government bonds and buying oil and agriculture.

Rogers feel that the commodities bull market will continue and there will be the “worst recession since the Second World War” if the United States government doesn’t act quickly.  He continues to be bullish on China as well.  What are your opinions?

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Comments

6 Responses to ““Worst Recession Since the Second World War””

  1. Dr. Jerry T. Baty
    November 17th, 2008 @ 9:50 am

    Enjoy the lower prices now… (early 2008)the huge bailout will cause lower home prices, but lack of credit will cause prices to rise elsewhere in food and clothes. Education will cost more with lower long-term results…Now for the news…electricty will cost more and heating oil will skyrocket…Longer term… enjoy the rewards of saving and having cash on hand to pick up super bargins in late 2009(hard assests and stock market)…The “gini coefficient” effect will get better the following year…JTB/k=jtb/qed

  2. Dr. Jerry T. Baty
    November 17th, 2008 @ 9:53 am

    Go with the flow

  3. flooreriz
    November 20th, 2008 @ 9:08 am

    Reason why is great to be a gay :D
    Wedding plans take care of themselves. Joke :)

  4. admin
    November 21st, 2008 @ 7:04 am

    I agree that there will be many bargains out there in the next few years. Those who have saved money for a rainy day will have an opportunity to make some great investments.

  5. Pefasseby
    November 21st, 2008 @ 9:25 pm

    We had a depression fair in the back yard. A major game there was Pin the Blame on the Donkey. (Richard Lewis) :P

  6. Subprime Blogger » Subprime Lending in a Nutshell
    November 22nd, 2008 @ 5:11 pm

    [...] Read more about the effects of subprime lending at “Worst Recession Since the Second World War” [...]

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