Global Economic Warning from Legendary Investor Jim Rogers Said Next Bear Market Will Be Biggest in His Lifetime

In his 80 years, American investor Jim Rogers has seen several bull and bad markets, but he predicts the next one will be the worst.

Rogers compares the present economic climate to that in the lead-up to the Great Financial Crisis of 2008 in a recent interview with Real Vision Finance, arguing that the current setup is even worse.

Soros Fund Management co-founder and close friend of the legendary financier George Soros, James Rogers, predicts a catastrophic bear market in risk assets due to the system’s mounting debt.

This will be the most significant bear market of all time. Too much debt contributed to a severe market crash in 2008. Just look at you; consumer debt has exploded worldwide since 2008—massive debt accumulation.

The next bear market will be the worst I’ve seen in my lifetime, which is a straightforward statement because the increase in debt over the previous 14 years has been so tremendous.

Rogers alludes to the massive interest rates and yields on treasuries that were required to curb inflation during the inflationary crisis 1980. He claims that identical conditions presently exist in the world’s financial markets.

The markets as a whole are doomed to turmoil. All markets include real estate, stocks, bonds, currencies, and anything imaginable. Short-term government treasury bill interest rates were above 21% in 1980 and 1979, when we last experienced a significant inflationary spiral.

This Monday, the Federal Open Market Committee (FOMC) voted to temporarily halt rate rises while it still expects to implement two more increases by the end of the year.

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