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| Economy |
| Investor Rogers predicted a recession in the United States in the coming year |
| 2024-06-29 |
| Direct Translation via Google Translate. Edited. [Regnum] The United States of America will soon face a new recession. This opinion was expressed by American investor Jim Rogers. The financier believes that it will begin at the end of 2024 or in 2025. "I know it's coming," Prime quoted the analyst as saying. Rogers reminded us that the United States experiences recessions every few years. This has been happening for centuries, since the country's founding. The American investor also did not rule out that a new recession will begin in the US even before the presidential elections, which will take place in November of this year. Earlier, Rogers said that the US economy and the world as a whole would face difficulties after the presidential elections in the country. As IA Regnum reported, columnist for The Washington Post newspaper David Ignatius, citing a report by the RAND Corporation analytical center (included in the register of organizations whose activities are recognized as undesirable in the Russian Federation), prepared by order of the Pentagon, said on April 27 that the United States is facing a period of decline, after which they are unlikely to recover from. The reason for this, he said, will be the lack of a common understanding of the problem and ways to solve it. He noted that the competitiveness of the United States is under threat, highlighting the declining respect for the country's power from dozens of developing countries and rivalry from China. He also pointed to problems in the form of slowing productivity growth, excessive military tensions and the polarization of the country's political system. On June 27, it became known that the first bank in the United States in 2024, Republic First, had collapsed. The country's authorities took control of the American bank, closed it, and appointed the Federal Deposit Insurance Corporation (FDIC) as its successor. The US, Japan and Europe will suffer a “horrific” recession that will be accompanied by a collapse of the banking system, Rogers said in May 2023. The investor pointed out that countries are trying to combat the collapse of banks by merging them with larger organizations. |
| Posted by:badanov |
| #8 To them "recession" is like "gender" - fluid term. |
| Posted by: Grom the Reflective 2024-06-29 13:43 |
| #7 ^ Exactly. |
| Posted by: M. Murcek 2024-06-29 13:04 |
| #6 Recession is a defined economic term. Since Bidets admin already “massaged” that terms parameters. We will have a “recession”. When They want us to, when it benefits Them. So odds are pretty good it will be soon. |
| Posted by: Jefe101 2024-06-29 12:45 |
| #5 Predictions of 1929 again? Until I hear it from Alex Jones, I'll mash the delete button. |
| Posted by: Besoeker 2024-06-29 12:02 |
| #4 The Spanish Flu Pandemic preceded the Great Depression by nearly a decade. |
| Posted by: Huputle+Cherelet4131 2024-06-29 12:00 |
| #3 Jim Rodgers - "If it's good for my investments, screw you." Something about bow ties nowadays. |
| Posted by: M. Murcek 2024-06-29 10:07 |
| #2 As IA Regnum reported, columnist for The Washington Post..... Where I stopped reading. |
| Posted by: Besoeker 2024-06-29 04:23 |
| #1 Wondering if they are underreporting the economic problem, due to the Nov. 2024 election? Given, the Spanish Flu Pandemic preceded the Great Depression. |
| Posted by: NN2N1 2024-06-29 04:18 |