Jim Rogers Expects ‘Worst Bear Market in My Lifetime’ in Coming Years
- Another rout ‘imminent’ because of economic damage, high debt
- Rogers has lots of cash; bought China, Russia stocks
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As global stocks attempt to recover from their biggest quarterly loss since the global financial crisis, veteran investor Jim Rogers says there’s worse to come.
The current rebound in markets may continue for a while following a bout of extreme pessimism, but another rout is imminent, according to the chairman of Rogers Holdings Inc. That’s because of a triple whammy of coronavirus-fulled economic damage, high debt levels and interest rates that are low, which will hurt when they rise.