You know, I really hate being pessimistic. It is hard to be negative, but that is the conclusion I come to when examining the ongoing Fed induced manipulation in the context of history. In some ways, I find some comfort that my opinion is echoed by some very smart investors. Jim Rogers states on a recent interview on CNBC......
"The U.S. is the largest debtor nation in the history of the world," Rogers told CNBC.com by phone from Singapore. "We may well have a big, big rally in the U.S. stock market, but it's not based on reality. I would encourage investors to know you're in a fool's paradise, be careful, and when people start singing praises, say, 'I've been to this party before, and I know know it's time to leave.'"
First of all, throughout American history, we've always had slowdowns every four to six years. That means that sometime in the next couple of years—three years, maximum—we are going to have problems again, caused by whatever reason," Rogers said. "For instance, there was 2001 and 2002, and then 2007 and 2009 was much worse. Well, the next time it's going to be worse still, because the level of debt is so, so, so much higher. Every country is increasing its debt at the same time."
"This is the first time in recorded history that we have every major central bank in the world printing money, so the world is floating on an artificial sea of liquidity. Well, the artificial sea is going to disappear someday, and when it does, the catastrophe will be even worse. Yes, it's coming," Rogers reiterated, adding: "If I was smart enough to tell you when it's going to happen, I would get rich."
I guess no matter what happens, the sun will still rise tomorrow, and tomorrow, and tomorrow.
"The U.S. is the largest debtor nation in the history of the world," Rogers told CNBC.com by phone from Singapore. "We may well have a big, big rally in the U.S. stock market, but it's not based on reality. I would encourage investors to know you're in a fool's paradise, be careful, and when people start singing praises, say, 'I've been to this party before, and I know know it's time to leave.'"
First of all, throughout American history, we've always had slowdowns every four to six years. That means that sometime in the next couple of years—three years, maximum—we are going to have problems again, caused by whatever reason," Rogers said. "For instance, there was 2001 and 2002, and then 2007 and 2009 was much worse. Well, the next time it's going to be worse still, because the level of debt is so, so, so much higher. Every country is increasing its debt at the same time."
"This is the first time in recorded history that we have every major central bank in the world printing money, so the world is floating on an artificial sea of liquidity. Well, the artificial sea is going to disappear someday, and when it does, the catastrophe will be even worse. Yes, it's coming," Rogers reiterated, adding: "If I was smart enough to tell you when it's going to happen, I would get rich."
I guess no matter what happens, the sun will still rise tomorrow, and tomorrow, and tomorrow.
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