June 14, 2011

US may face fresh recession in 2011-12 worse than before: Jim Rogers

The former business partner of George Soros has been most critical of the US government and Fed's policies. He joins economists Nouriel Roubini & Robert Schiller in forecasting a slump in growh in the West. He said the economy is slowing down. We're going to have another recession in the US in late 2011 or 2012 or 2013 and it's going to be worse than the last time around, because America has shot all of its bullets, printing money and spending money we don't have. Be very careful.

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