Jim rogers.. on the fed

[highland]

yr views on Jim Rogers.from Rogers holdings… . He says Recession will be coming no matter what… or something similar…

yr views

 

[puzzleannie]

rules for this forum require link to a reliable news source

 

[RWMorris]

rules for this forum require link to a reliable news source

reuters.com/article/businessNews/idUSL2474133320071024?feedType=RSS&feedName=businessNews&rpc=23&sp=true

We will see if he is accurate. We haven’t even had one negative quarter yet, and it takes two consecutive negatives to qualify as a recession. So we won’t know for sure until at least August.

I think it is interesting that “the fallout from the subprime mortgage market crisis and the global credit crunch it triggered” is blamed instead of more politically expedient causes.

 

[KathleenElsie]

Not sure about a national or world recession. But, my family has had two negative quarters in a row. So I guess the family is in a recession.

Food, utilities, taxes (mostly school taxes), gas and all other commodities have tended to make many of the people I know use credit or cut back this last year. There might not be anywhere else they can cut back.

 

[RWMorris]

Not sure about a national or world recession. But, my family has had two negative quarters in a row. So I guess the family is in a recession.

Food, utilities, taxes (mostly school taxes), gas and all other commodities have tended to make many of the people I know use credit or cut back this last year. There might not be anywhere else they can cut back.

No, when it happens to you, it’s a depression. Sorry to hear about your family’s misfortune. 2003 through 2005 was a horrible period for my family. I will pray that things get better for your family.