During an interview on Bloomberg TV with Guy Johnson, the famous investor said that there was a 100 percent probability that the U.S.
"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 Wall Street economists see a much smaller chance of a U.S.
Rogers was not specific
The former partner of George Soros suggested that if investors focus on the right data, there are signs that the U.S.
"If you look at the
In light of the economic turmoil envisioned by Rogers, he is long the U.S.
"It might even turn into a bubble," he said of the greenback. "I mean, if markets around the world are crashing, let's just say that scenario happens, everybody's going to put their money in the U.S.
Rogers added that a strengthening U.S.
While the yen is often designated as a risk-off currency, it won't benefit in the event of a flight to safety due to the massive, continued expansion of the Bank of Japan's balance sheet, according to Rogers, who said he exited his position in the yen last Friday.
- Source, Bloomberg