100% chance a US recession is coming.

[HawktimusPrime]

http://www.msn.com/en-us/money/mark...hin-a-year/ar-BBql35O?li=BBnb7Kz&ocid=DELLDHP


Rogers Holdings Chairman Jim Rogers is certain that the U.S. economy will be in recession in the next 12 months.

During an interview on BloombergTV, the famous investor said that there was a 100 percent probability that the U.S. economy would be in a downturn within one year.

"It's been seven years, eight years since we had the last recession in the U.S. and normally, historically we have them every four to seven years for whatever reason—at least we always have," he said. "It doesn't have to happen in four to seven years but look at the debt, the debt is staggering."

Most dishonest Wall Street economists see a much smaller chance of a U.S. recession within this span, with odds typically below 33 percent.

 

[fredjr82]

 

[Hawk_4shur]

Who is Jim Rogers? Is he the guy from Mr. Rogers Neighborhood?

Oh, btw, you added the word "dishonest" in the last sentence of the quote. Nice.

 

[aflachawk]

So you DO NOT think it will be?

 

[fredjr82]

So you DO NOT think it will be?

Here's what Rogers himself says. For being 100% SURE, he sure seems unsure to me. Not to mention he was a former partner of.....wait for it.....George Soros.

Rogers was not specific on what could trigger a disorderly deleveraging process and recession but claimed that sluggish or slowing economies in China, Japan, and the euro zone mean that there are many possible channels of contagion.

Does that 100% sure of a recession? Funny how OP left that out. The sad thing about you is once you've been proven to be wrong you rarely come back. Probably answering the phone for your next Aflac sale.

 

[dgordo]

Jim Rogers is a really smart guy but he doesn't sound convinced.

 

[Funky Bunch]

"It's been seven years, eight years since we had the last recession in the U.S.

Thanks Obama

 

[MuscoHawk]

Hey, if they just keep saying it, EVENTUALLY they'll be right!

---

In a completely unrelated story... the Dow is back over 17000 again...

 

[HawktimusPrime]

Hey, if they just keep saying it, EVENTUALLY they'll be right!

---

In a completely unrelated story... the Dow is back over 17000 again...

And why is that? Let me tell you since you don't know.

-Japan lowered rates to negative
-China sent BILLIONS in newly printed money
-Fed held back on raising interest rates
-Europe has set a plan to inject billions into the economy, again.
-Oil companies were forced to slow down production


Conclusion: The market can't prop itself up with actual economic gains. Instead it's relying on free money and near zero interest rates.

Recession will hit, and it will hit HARD.

 

[BABiscuit]

Thanks Obama

And prime has probably been claiming for seven years that we are still in a recession.

 

[MuscoHawk]

Recession will hit, and it will hit HARD.

What's the statute of limitations on saying "I told you so!" Because the Republicans are working on the better half of a decade here..

 

[HawktimusPrime]

What's the statute of limitations on saying "I told you so!" Because the Republicans are working on the better half of a decade here..

What does this even mean?

 

[HawktimusPrime]

And prime has probably been claiming for seven years that we are still in a recession.

We have been, when in the 7 years have we raised interest rates? Only a moron would not recognize that.

 

[BABiscuit]

We have been, when in the 7 years have we raised interest rates? Only a moron would not recognize that.

Apparently if you become a libertarian, they tell you it's okay to make your own definition for recession. The Nole one does the same thing.

 

[The Tradition]

I will say this: there is indeed a 100 percent chance that a recession is coming. If someone could please tell me the date, I could make a lot of money.

 

[THE_DEVIL]

You repubs will just have to blame president Hillary when it happens I guess.

 

[HawktimusPrime]

Apparently if you become a libertarian, they tell you it's okay to make your own definition for recession. The Nole one does the same thing.

If the economy can't stay stable without recovery measures that go on for 7 years straight to keep it stable.....
Then what is that?

 

[BABiscuit]

If the economy can't stay stable without recovery measures that go on for 7 years straight to keep it stable.....
Then what is that?

If we just get to make stufd up, I suggest a curlfloggen.

 

[HawktimusPrime]

If we just get to make stufd up, I suggest a curlfloggen.

What was QE? What do you call near negative interest rates? What do you call inflation driven oil pricing based on attempted currency traded alternatives? Tell me how these are signs of a healthy economic base.

Keep in mind these measures listed above were not just American in nature.

Answer quick. You'll need to in order to avoid me making you look even more ignorant.

 

[dgordo]

Define recession please

 

[HawktimusPrime]

Define recession please

Can I define depression first?

depression is an unusual and extreme form of recession. Depressions are characterized by their length, by abnormally large increases in unemployment, falls in the availability of credit (often due to some form of banking or financial crisis), shrinking output as buyers dry up and suppliers cut back on production and investment, large number of bankruptcies including sovereign debt defaults, significantly reduced amounts of trade and commerce (especially international trade), as well as highly volatile relative currency value fluctuations (often due to currency devaluations).

Does this fit, if it doesn't, please explain why. Is a depression worse than a recession?

 

[dandh]

Jim Rogers is a really smart guy but he doesn't sound convinced.

This - and even though he is really smart and savvy, there is no guarantee he is right. I do generally agree that we'll be in recession at some point in the near future, though. We're due.

 

[dgordo]

Can I define depression first?

depression is an unusual and extreme form of recession. Depressions are characterized by their length, by abnormally large increases in unemployment, falls in the availability of credit (often due to some form of banking or financial crisis), shrinking output as buyers dry up and suppliers cut back on production and investment, large number of bankruptcies including sovereign debt defaults, significantly reduced amounts of trade and commerce (especially international trade), as well as highly volatile relative currency value fluctuations (often due to currency devaluations).

Does this fit, if it doesn't, please explain why. Is a depression worse than a recession?

You would have to have a recession before you can have a depression.

 

[HawktimusPrime]

You would have to have a recession before you can have a depression.

Yes, and?

 

[dgordo]

Yes, and?

And we have not had a recession since 2009. Unemployment has gone down, it's easy to get credit, gdp is growing, etc.

 

[BABiscuit]

What was QE? What do you call near negative interest rates? What do you call inflation driven oil pricing based on attempted currency traded alternatives? Tell me how these are signs of a healthy economic base.

Keep in mind these measures listed above were not just American in nature.

Answer quick. You'll need to in order to avoid me making you look even more ignorant.

I would call it a curlfloggen.

 

[BioHawk]

This is true. Other things there is 100% chance of happening:

The sun will destroy the inner planets of the solar system.
You will die.
It will rain.
The tide will rise.
A meteor will strike the Earth.
A volcano will erupt.

The future looks pretty bleak.

 

[eightno2002]

http://www.pragcap.com/three-things-i-think-i-think-weekend-edition-5/

Jim Rogers is smart.....enough to predict a recession frequently so eventually he can say I told you so.