Thoughtful Money with Adam Taggart Jim Rogers: Before It's All Over, We'll See Higher Inflation, Higher Rates & A Wicked Bear Market
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Dec 31, 2023 Legendary investor Jim Rogers discusses his concerns about the next bear market, higher inflation, and higher interest rates. He explores the exponential growth of debt in the US and its consequences, as well as Argentina's struggles with economic reforms. The podcast also delves into different perspectives on investing, the role of luck, and the importance of safety and stability in client portfolios.
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Debt and Declining Populations
- The US has a staggering debt and a declining population, yet continues to print money.
- Japan also has a large debt and prints money daily, despite having a declining population.
Argentina's Economic Cycle
- Argentina's new president proposes sound policies, including pegging the currency to the US dollar, to combat hyperinflation.
- Jim Rogers has witnessed similar promises in Argentina before and remains skeptical, suggesting a reassessment in a few years.
Gradual Change and Consequences
- Incremental daily changes often go unnoticed, leading to significant consequences over time.
- Jim Rogers agrees, emphasizing that humans tend to overlook gradual shifts until the impact becomes overwhelming.