Friday, May 20, 2016

Market Facing Bigger than 2008 Collapse

Sunday, May 1, 2016

Jim Rogers - What’s coming will be ‘worse than anything we’ve seen in our lifetimes slithreen guard slithreen guard

Chris welcomes back Jim Rogers from his Singapore office - he notes twice as many US stocks were down in 2015 as up, a bearish market breadth indication. The primary reason why the equities indexes remain aloft is the enormous debt burden added to the balance sheets of the Fed, since 2008. But unlike 2008, 2000, 1987 and even 1929, the US is now the largest debtor nation in the world, putting the country at elevated risk of default. This anomaly presents the most precarious economic quagmire in national history. He's currently long the US dollar (from much lower levels), the Yuan, Chinese stocks, short US shares, long agricultural futures and holding on tightly to gold / silver. Poised like a praying mantis, the ever vigilant investor is anticipating the right opportunity to increase his gold / silver exposure. With an established knack for identifying profit opportunities outside the scope of the mainstream media he recently developed a penchant for undervalued Russian bonds and rubles. Unlike the West, Russia is not a debtor nation but a creditor, for instance, Cuba owes Russia $25 billion as of 2013 figures.