“We do have inflation in the world… most central banks should resign” Jim Rogers
It took a while, but Jim Rogers appeared on CNBC again. This time around, Jim Rogers is expecting a recession in about a year and a half. I’m still a bit young compared to most of CNBC’s audience, but I never knew there seems to be a recession in the U.S. every 4 to 6 years. This made me think about the recent recessions and whether it was true. Looking back now, it does appear to be true. But, maybe because I have a better idea about economics or the media hype surrounding the 2008 market, at least historically, this recession appears to be pretty bad don’t you think? It seems as more and more people are barely getting by. As a senior in college, its frightening that I will have to compete against MBA’s and PhD’s for a job, when they should have no problem being employed.
“When the next one comes the world is going to be in worse shape because the world has shot all its bullets”- Jim Rogers
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