In the 50 years he’s studied the markets, Wharton professor Jeremy Siegel thinks stocks are the most attractive now than they’ve ever been. Jim Rogers, however, does not agree.
“The economy is going to be bad within the foreseeable future, and the markets look ahead. I don’t see this as a great time to buy stocks at all,” Rogers tells us. “For him to say that, we’d have to see the stock market doubling or something from here.”
Rogers goes on to say that he’s feeling extremely pessimistic about the financial industry for the next 20 years.
“You cannot solve a problem of too much debt with yet more debt,” says Rogers. “And so this is all going to end badly for the west.”
For a healthy heaping of pessimism on gold, the dollar, the US housing market, and more, watch our interview with Jim Rogers below:
Produced By: Kamelia Angelova, Robert Libetti, & William Wei
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