These 19 retailers are the canaries in the coal mine.
'It’s Going to Collapse': 5 Scary Stock Market Predictions From Smart Investors
"It’s going to collapse."
Jim Rogers, investor
Months before the 2008 stock market collapse, Jim Rogers—the legendary investor who founded Quantum Fund with George Soros—was shorting the shares of Wall Street investment banks. Now he says a crash is again imminent.
“Some stocks in America are turning into a bubble, the bubble is going to come, and then it’s going to collapse,” he told Business Insider this month on its weekly show “The Bottom Line.”
“You should be very worried,” Rogers said.
The 2008 financial collapse was as bad as it was because of the debt at the time. But the debt borne today - in the U.S. and China and even the Federal Reserve - dwarfs that of 2008, he said.
With the debt so high, Congress could have less room to cut taxes or to borrow and spend to help re-start growth in the midst of a recession. In the long run, high levels of government debt also typically translate into higher interest rates, making it more difficult for both government and business to invest in the economy.
“How big a crash could we be looking at?” Business Insider CEO Henry Blodget asked.“It’s going to be the biggest in my lifetime,” the 74-year-old investor said.
I can also find ten other articles proclaiming that there is no way that any of these bad things are going to happen.
My question to you is this;
Who are you going to believe?
Paid shills or your own two lying eyes?