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JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
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[quote:MARTIAL LAW:MV8xNjk4MTEzXzI4MDcxOTA3Xzk5NjAyMTNE] ...and they just keep coming... [b][u]Global Economy at the Tipping Point[/u][/b] NEW YORK (CNNMoney) -- Europe is heading for recession. China is battling its own economic demons. And with the United States also facing problems at home (9% unemployment anyone?), it's hardly in a position to help. [b] Without a white knight to step in and save the day, will we all go down together?[/b] http://money.cnn.com/2011/11/09/news/international/global_economy/index.htm?iid=HP_MPM [/quote]
Original Message
Not really shocking to us here at GLP, but:
100% Chance of Crisis, Worse Than 2008: Jim Rogers
The world is definitely going to face another financial crisis stemming from problems in Europe, Jim Rogers said Wednesday.
"
We're certainly going to have more crises coming out of Europe and America; the world is in trouble. The world has been spending staggering amounts of money that it doesn't have for a few decades now,
and it's all coming home to roost,
" Rogers, CEO and chairman Rogers Holdings told CNBC.
He added that the crisis would be much worse than the one markets saw in 2008 because the debt is much higher now.
[
link to www.cnbc.com
]
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