A positive day with the Dow Jones up 528 points (+1.58%) and the Nasdaq up 139 points (+1.26%)
You have got to admire the FED. What they have done consistently over the past 30+ years is they have taken a Ponzi Bubble of unimaginable proportions at the time and they have made it bigger. To the point where financial professionals of just 20 years ago would never believe that today’s numbers are even remotely feasible.
Well, Jim Rogers believes the bill is coming due and soon. Investment guru projects ‘worst economic problems in lifetime’
He warned, however, that “After the optimism, you should be extremely worried because we’re going to have economic problems again sometime in the next two or three years and they will probably be the worst in my lifetime because there’s so much debt. So much debt worldwide has built up since 2009. So, the next time we have a problem, it’s going to be very, very bad.”
Our own forecast tends to line up with what Mr. Rogers has in mind. As indicated in the article above, he does anticipate a bit of good news before it all comes crashing down.
Having said that, his 2-3 year window is not very precise. We believe our own mathematical and timing calculations are much more accurate. They do project an important top occurring in 2023 and then a foretold bloodbath.
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