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Jim Rogers: The worst crash of our lifetime is coming

businessinsider.com

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Re: Jim Rogers: The worst crash of our lifetime is coming

#11

Post by bbatha »

kartD wrote: post #7
justboxing wrote: post #3

Don't know anything about Jim Rogers' creds / authority in this matter. How much should be we concerned / alarmed at these statements? > Rogers: It could be an American pension plan that goes broke, and many of them are broke, as you know. It could be some country we’re not watching. It could be all sorts of things. It could be war — unlikely to be war, but it’s going to be something. and > Rogers: It’s going to be t…

Typical advice is if you're older, say within 10 years of retirement push towards treasury bonds, commodities etc. (ultra safe investments). If you're young, you can try to time it, but even if you screw-up just hold through the crash and it'll recover in a couple of years. Do some more research, you don't want to put stock in random internet comments... including mine!

Given that the fed is about to start unwinding QE and selling off its massive store of bonds, it may be prudent to wait a year or two before shifting your assets into bonds.

Re: Jim Rogers: The worst crash of our lifetime is coming

#12

Post by petulla »

2011: 100% Chance of Crisis, Worse Than 2008: Jim Rogers

2012: Jim Rogers: It’s Going To Get Really “Bad After The Next Election”

2013: Jim Rogers Warns: “You Better Run for the Hills!”

2014: JIM ROGERS – Sell Everything & Run For Your Lives

2015: Jim Rogers: “We’re Overdue” for a Stock Market Crash

2016: $68 TRILLION “BIBLICAL CRASH” Dead Ahead? Jim Rogers Issues a DIRE WARNING

2017: THE BOTTOM LINE: Legendary investor Jim Rogers expects the worst crash in our lifetime

https://www.fool.com.au/2017/06/14/why-you-should-totally-ig...

Re: Jim Rogers: The worst crash of our lifetime is coming

#13

Post by zxcmx »

lobut wrote: post #2

Great, now I'm scared. What can I do? Shall I learn mandarin and go to China too?

Well by political fiat we know the yuan can't go down! We can trust it because we can see how investors act :)

Owait it seems like everyone who has the option wants to convert it into rents in "western liberal democracies". Sure, I guess...

Re: Jim Rogers: The worst crash of our lifetime is coming

#14

Post by grzm »

petulla wrote: post #12

2011: 100% Chance of Crisis, Worse Than 2008: Jim Rogers 2012: Jim Rogers: It’s Going To Get Really “Bad After The Next Election” 2013: Jim Rogers Warns: “You Better Run for the Hills!” 2014: JIM ROGERS – Sell Everything & Run For Your Lives 2015: Jim Rogers: “We’re Overdue” for a Stock Market Crash 2016: $68 TRILLION “BIBLICAL CRASH” Dead Ahead? Jim Rogers Issues a DIRE WARNING 2017: THE BOTTOM LINE: Legendary inves…

He's nothing if not consistent.

Re: Jim Rogers: The worst crash of our lifetime is coming

#15

Post by defined »

joobus wrote: post #10
ckluis wrote: post #5

How many jobs are we replacing with software annually? It will happen sooner or later.

First jobs were replaced by simple tools, then by livestock, then by machines. What makes software any different from any other advancements made throughout history?

It's the only advancement where making a million copies of an item takes a few minutes and no raw material. Try that with tools, livestock and machines. Or anything physical.

Re: Jim Rogers: The worst crash of our lifetime is coming

#17

Post by chrisdbaldwin »

joobus wrote: post #10
ckluis wrote: post #5

How many jobs are we replacing with software annually? It will happen sooner or later.

First jobs were replaced by simple tools, then by livestock, then by machines. What makes software any different from any other advancements made throughout history?

The scale of software tool utility is pretty much unparalleled by traditional tools. Traditional tools such as livestock and machines require breeding, mining... some sort of "manufacturing" process. Okay, software has manufacturing cost too, but typically only once to create, and once to maintain. Imagine if you could dynamically spawn livestock without the overhead of mining, breeding, and trading. The jobs that software has/will eat are, imo, beyond current human comprehension.

Re: Jim Rogers: The worst crash of our lifetime is coming

#18

Post by knodi123 »

joobus wrote: post #10
ckluis wrote: post #5

How many jobs are we replacing with software annually? It will happen sooner or later.

First jobs were replaced by simple tools, then by livestock, then by machines. What makes software any different from any other advancements made throughout history?

It's not different. But all of those things involved massive crashes in certain sectors of the economy.

Re: Jim Rogers: The worst crash of our lifetime is coming

#19

Post by tbirrell »

joobus wrote: post #10
ckluis wrote: post #5

How many jobs are we replacing with software annually? It will happen sooner or later.

First jobs were replaced by simple tools, then by livestock, then by machines. What makes software any different from any other advancements made throughout history?

Ease of scale basically.

Re: Jim Rogers: The worst crash of our lifetime is coming

#20

Post by drraid0 »

mullen wrote: post #6

A fringe nobody screaming the world is going to collapse for the last 30 years. The only thing this guy can predict is that if he yells and screams the sky is falling loud enough, his next book will do well. https://en.wikipedia.org/wiki/Jim_Rogers

Where's your Wikipedia page then?
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