Another Recession Due in 2012


Inquiring minds are looking into the future…a new recession due in 2012:

A new recession would be due around 2012 but central banks will not be able to throw cash at it anymore, Jim Rogers, chairman of Rogers Holdings, told CNBC Tuesday.

India’s central bank raised its interest rate Tuesday, joining other monetary authorities such as the Canadian and Norwegian central banks in hiking rates to stem inflation.

“We do have inflation in the world… most central banks should resign,” Rogers said.

There has always been a recession every four to six years in the US “since the beginning of time,” and that would mean another one is due around 2012…

The problem is saved for the last line:

“When the next one comes the world is going to be in worse shape because the world has shot all its bullets,” he said.

“Is Mr. Bernanke going to print more money than he already has? No, the world would run out of trees,” Rogers added…

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: