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Veteran Investor Jim Rogers Warns of Worst Market Meltdown Ever
Summary: Investor Jim Rogers, chairman of Rogers Holdings, recently warned in an interview that the repercussions stemming from global central bank policy will be more severe than anything we’ve witnessed to date and will bring about the worst economic meltdown. Central banks globally are printing trillions of dollars in an effort to help countries stimulate their respective economies. Since ...
Investor Jim Rogers, chairman of Rogers Holdings, recently warned in an interview that the repercussions stemming from global central bank policy will be more severe than anything we’ve witnessed to date and will bring about the worst economic meltdown.
Central banks globally are printing trillions of dollars in an effort to help countries stimulate their respective economies. Since the coronavirus pandemic shuttered much of the US economy in March, the US Federal Reserve has gone to unprecedented lengths to shore things up. But, according to Rogers, this is just storing up problems.
He also said he would bet on transportation, airlines, tourism, and other industries which have been severely affected by the pandemic. He suggested that he might invest in digital currencies in the future, provided he learns enough about them.
By Amy Liu
Tags: Bank,economic,meltdown
Link: Veteran Investor Jim Rogers Warns of Worst Market Meltdown Ever [Copy]
