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Jim Rogers: I Expect the Next Bear Market to Be the Worst in My Lifetime

4 snips
Dec 4, 2023
Renowned investor Jim Rogers discusses the upcoming bear market, taxes in Canada and the US economy, finding value in international investments, abundant natural resources, memorable trades, and upcoming trips and travel insights.
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INSIGHT

Next Bear Market Could Be Catastrophic

  • Jim Rogers expects the next bear market to be the worst in his lifetime due to skyrocketing global debt since 2009.
  • He warns that far higher debt magnifies the next crash compared with 2008.
ADVICE

Hold Cash And Wait For Hysteria

  • Keep large cash positions and wait for clear market hysteria before acting, according to Jim Rogers.
  • He holds U.S. dollars now as a perceived safe haven and plans to redeploy when panic creates opportunities.
INSIGHT

Safe-Haven Cash Has Redeployment Risk

  • Cash is not risk-free because where to redeploy after a dollar rally is uncertain, especially given non-convertible competitor currencies.
  • Rogers highlights the dilemma of holding dollars if they experience a blow-off rally during panic.
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