June 26 (Cointime) -Legendary investor Jim Rogers has warned that the next bear market will be the worst in his 80-year life. Rogers said the current economic situation is similar to the one on the eve of the 2008 financial crisis, but worse. This is bound to lead to a severe bear market in risky assets due to the massive amount of debt built up in the system. He also pointed out that during the inflation crisis of the 1980s, the interest rate on US government treasury bills exceeded 21%, and now financial markets are facing a similar situation. Rogers expects trouble ahead for all markets: real estate, stocks, bonds, and currencies.
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Legendary Investor Jim Rogers Issues Global Economic Warning, Says Next Bear Market Will Be the Biggest in His Lifetime
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