JIM ROGERS: The worst crash in our lifetime is coming

[steve2470]

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6?r=US&IR=T

QUOTE

Blodget: Well, yeah, TV ratings do seem to go up during crashes, but then they completely disappear when everyone is obliterated, so no one is hoping for that. So when is this going to happen?

Rogers: Later this year or next.

Blodget: Later this year or next?

Rogers: Yeah, yeah, yeah. Write it down.

UNQUOTE

Interesting. We'll see if he's correct.

https://en.wikipedia.org/wiki/Jim_Rogers

[procon]

1. I've read this from several sources.

Income inequality is more heavily tilted toward the uppermost tier than ever before. This wealth inequity has only grown wider as the disparities of income between rich and poor has spread around the world, making the economies of most developed, industrial countries unsustainable.

This time, when the next Great Depression strikes, there won't be anyone like an FDR or Obama around to pull our chestnuts out of the fire.

[OnlinePoker]

2. The worst on day crash in my lifetime was black monday in 87

Dow Jones was down 22.61%. Unlikely they will have a similar one day crash because of the circuit breakers they put in place after 87, but it could happen in slow motion over the course of a week.

[Warpy]

3. I remember everybody being in shock the next day

You could tell who was deeply into the market.

I also seem to remember it recovered pretty quickly.