Home » Featured
Posted on 5 June 2012 | 26,550 views

2013-2014 Great Recession or Great Depression to Collapse U.S. Economy

This year, an election year, will be a decent one for the economy although a recession will strike and strike hard in 2013 or in 2014 at the latest, says international investor Jim Rogers, CEO and chairman of Rogers Holdings.

The U.S. economy officially emerged from the recent recession in 2009 and since then, recovery has turned lackluster, with unemployment rates far above their pre-downturn levels.

Today is as good as it gets, with unemployment rates at over 8 percent and first-quarter gross domestic product growth coming in at 1.9 percent.

“Every four to six years since the beginning of the Republic, we’ve had economic slowdowns, we’ve had recessions and it’s coming again,” Rogers says.

“You can add as well as I can — in 2013 or 2014, we’re going to have another slowdown, whether it’s caused by Europe or who knows what going caused it, but it’s coming.”

Election-year spending and manipulation of economic indicators will keep the economy appearing healthy in 2012, but that’s where it ends, especially due to the enormous debt overhang threatening to exacerbate the coming downturn.

“Be very worried about 2013 and be very worried about 2014, because that’s when the next slowdown comes — It’s going to feel like a Great Depression. In 2002 we had a recession and in 2008, it was worse because the debt was so much higher,” Rogers says.

“The next time is going to be even worse because the debt is so staggeringly high now. So if you are not worried about 2013, please — get worried.”

What will the coming downturn look like? Stock Markets Will Crash and Currency Markets Will Collapse.

“The dollar might even go up for a while, which will feel good for all of us, because we are all Americans but other countries are going to be suffering badly. Interest rates will certainly start to go higher,” Rogers says.

“It’s just going to be turmoil — Everybody’s going to be worried, including me.”

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Technorati
  • Mixx
  • Pinterest
  • Google Plus
  • Reddit
  • BlinkList
  • Blogger
  • Tumblr
  • Digg

Tags: , , , , , , , , , , , , ,

Rate This Article!
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)


  • Jessica Johnson said:

    2013-2014 Great Recession or Great Depression to Collapse U.S. Economy http://t.co/Rcx4Lpkx

  • Koichi Ito said:

    Just like extinction of dinosaur 63 million B.C., the recession of 2013 to 2014 would be the beginning of end of United States and European Union. It will give great change to human civilization for better!

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.

IMPORTANT! You need to solve the following simple math (so we know that you are a human) :-)

What is 11 + 13 ?
Please leave these two fields as-is:
CommentLuv badge

Incoming Search Terms!

recession 2014, Recession and Depression of 2014, 2013 market collapse, 2014 recession, 2013 recession or depression, will the market crash in 2013, 2014 market crash, great depression 2013, will the stock market crash in 2014, 2014 depression, the next recession in 2014, depression 2014, economic depression 2014, next recession is coming 2014, 2013 great depression, stock market crash coming 2013, economic depression 2013, us recession 2014, great depression 2014, next depreeion