Tencent Securities News Beijing time on the evening of February 15, according to foreign media reports, Jim Rogers once co-founded Quantum Fund, one of the most profitable and successful hedge funds in history, with George Soros. He himself is also recognized as one of the most visionary people in the investment industry.
(Jiangxi New Materials Co., Ltd.)
Rogers is seventy-four years old this year and has experienced various market cycles and ups and downs throughout his life. Therefore, even if not all of his judgments are completely correct, people will still pay high attention to his voice.
In a recent interview with Macrovoices.com, Rogers warned that the economy is currently threatened by “the scariest economic problem you’ll ever see maybe once in your lifetime,” and he believes that when the next economic crisis does start to happen, “a lot of people will disappear completely.”
In fact, Rogers believes that the last economic crisis was just the beginning, and that the next crisis and subsequent shock waves will be much worse. He cited Bear Stearns and Lehman Brothers as examples of why no institution will be immune to the next financial crisis.
“In 2008, Bear Stearns disappeared, and they had been around for about ninety years before that. Lehman Brothers disappeared, and they had been around for about a hundred and fifty years before that. They both had very, A very long and glorious history, through wars, depressions, civil wars, etc., and yet it’s gone.”
Although a series of new financial regulations have been introduced since 2008, global debt levels have still shown explosive growth, and few of the problems that actually led to the 2008 crisis have been actually solved. As a result, Rogers believes that “the next situation will be worse than every time we have experienced before, and many institutions, people and businesses will disappear, and even some governments and countries will disappear.” He emphasized that it often only takes a few bad things to happen for a crisis to begin before the dominoes start falling one by one. “When we start to have a bear market, it’s a bad thing, and then other bad things follow, and then it snowballs.” You know, even if there are no catalysts such as global conflicts or trade wars, in a reliable way Under supervision, bear markets will also occur.
“A bear market can actually play the same role. Therefore, even if we don’t have a lot of bad news, conflicts, and trade wars, what should happen can still happen.”
Speaking of what may trigger the next bear market, Rogers believes that the trade war caused by Trump’s policies may completely become the trigger for the next global conflict. Although Trump has clearly declared that he is not willing to fight a trade war with China, Mexico, Japan and South Korea, in practice, no substantive trade barriers have been established, and even the so-called border wall with Mexico is still only on paper. On the surface. Since he took office, he has yet to take any substantive action in this regard, which made Rogers begin to suspect that the new president is actually “just another politician like other politicians.” “He said so, but he may not have thought so in his heart, but at least he has given three people who are keen on trade wars a high status in his advisory team.”
If a trade war does occur, Rogers’ expectations will be very pessimistic.
“If he really does that, it will be all over. History has told us very clearly that trade wars often only bring more problems, and they are often disasters, or even real wars with live ammunition. I don’t know what the consequences will be, and I’m not sure Mr. Trump knows.”
Really smart investors always have a chance to escape before a crash occurs. Once the trade war starts, the dollar exchange rate will skyrocket, “forming a bubble,” and “people smart enough will seize this opportunity to sell it, because sooner or later, everyone will realize, oh my God! This will lead to huge chaos.” , causing major economic problems to the world and damaging the U.S. economy. At that time, market forces will come into play and cause the dollar to plummet back.” (Fei Green)>>
