Wednesday, August 28, 2013

"It's Coming. Be Worried. Be Careful."

"I spent the last twelve years of my life building rooms like this specifically to keep out people like us."
--Burnham (Panic Room)

Jim Rogers expects panic when realization hits that money printing is not facilitating prosperity. He thinks that powers to be are desperate for war. As these pages have observed, one lesson of past depressions is that politicians see war as a means for 'solving' protracted economic malaise.

JR expects stocks to go down big and commodities to go up big.

In a different interview, Rogers opines, "We've had perilous times and it's going to get worse...It's coming. Be Worried. Be Careful."

position in SPX, commodities

1 comment:

dgeorge12358 said...

No increase in the welfare of the members of a society can result from the availability of an additional quantity of money.
~Ludwig von Mises