BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Jim Rogers predicts one of the worst recessions since WW II]]>http://www.bloggingstocks.com/2008/02/01/jim-rogers-predicts-one-of-the-worst-recessions-since-ww-ii/http://www.bloggingstocks.com/2008/02/01/jim-rogers-predicts-one-of-the-worst-recessions-since-ww-ii/http://www.bloggingstocks.com/2008/02/01/jim-rogers-predicts-one-of-the-worst-recessions-since-ww-ii/#commentsFiled under: , ,

Market maven Jim Rogers is worried -- bad news given how brilliant his bullish calls on commodities and China, and bearish calls on financials look now.

In an interview with Fortune, Rogers said that "Conceivably we could have just had recession, hard times, sliding dollar, inflation, etc., but I'm afraid it's going to be much worse. Bernanke is printing huge amounts of money. He's out of control and the Fed is out of control. We are probably going to have one of the worst recessions we've had since the Second World War. It's not a good scene."

He's still bullish on China -- and believes the recent correction is a good thing. He recently sold his New York property and moved his family full-time to Singapore.

I don't pay attention to many market pundits, and I don't suggest that you do so either. But Jim Rogers is an exception.

Aside from investing in China -- which most people should already be doing anyway -- there's an ETF play if you like Rogers' thinking.

The ProShares UltraShort Financials ETF is a way to short the performance of the financial stocks Rogers is so bearish on -- with 2 times the volatility. While not for the faint of heart -- a gain of 10% for the sector will send you down 20% -- it's definitely worth a look given Rogers' track record.

Jim Rogers predicts one of the worst recessions since WW II originally appeared on BloggingStocks on Fri, 01 Feb 2008 16:29:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>inthenewaJim RogersJimRogersrecessionFri, 01 Feb 2008 16:29:00 EST