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Another Recession Due Circa 2012: Jim Rogers
Posted By admin On July 27, 2010 @ 9:26 am In Money Watch | Comments Disabled
July 27, 2010
A new recession would be due around 2012 but central banks will not be able to throw cash at it anymore, Jim Rogers, chairman of Rogers Holdings, told CNBC Tuesday.
India’s central bank raised its interest rate Tuesday, joining other monetary authorities such as the Canadian and Norwegian central banks in hiking rates to stem inflation.
“We do have inflation in the world… most central banks should resign,” Rogers said.
There has always been a recession every four to six years in the US “since the beginning of time,” and that would mean another one is due around 2012, according to Rogers, a hedge fund pioneer who started the Quantum Fund with George Soros in 1970.
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URLs in this post:
 CNBC.com: http://www.cnbc.com/id/38427247
 Image: http://www.homegain.com/housead/homes_for_sale/index?entryid=11502
 Rogers: The Elite Are Turning A Recession Into A Depression: http://www.prisonplanet.com/rogers-the-elite-are-turning-a-recession-into-a-depression.html
 US to Experience Stagflation Worse Than 1970s: Jim Rogers: http://www.prisonplanet.com/us-to-experience-stagflation-worse-than-1970s-jim-rogers.html
 Gold Will Hit $2,400 Bubble: Jim Rogers: http://www.prisonplanet.com/96809.html
 A Lot of Governments will Print Money in 2012: Rogers: http://www.prisonplanet.com/a-lot-of-governments-will-print-money-in-2012-rogers.html
 Another Bottom for Stocks Coming: Rogers: http://www.prisonplanet.com/another-bottom-for-stocks-coming-rogers.html
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