Investment veteran Jim Rogers has said he is 100% sure the world will face another financial crash prompted by the eurozone debt crisis, adding this time it will be worse than 2008's collapse.
The CEO and chairman of Rogers Holdings told CNBC the upcoming crisis could be worse than the Lehman Brothers collapse three years ago due to astronomically higher debt levels in economies. "In 2002 it was bad, in 2008 it was worse and 2012 or 2013 is going to be worse still - be careful," he warned. "The world has been spending staggering amounts of money it does not have for a few decades now, and it is all coming home to roost. "We are certainly going to have more crises coming out of Europe and America; the world is in trouble." said Rogers. He said borrowing more cash to fi...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
