There is a 100 percent chance of a recession in the United States in the next 12 months, according to American businessman and investor Jim Rogers.
As evidence, Rogers, who revealed his thoughts in a recent interview with Bloomberg TV, pointed to the nation’s “staggering” debt and the historical trends of recessions in the U.S., which he says occur every four to seven years.
“It’s been seven years, eight years since we had the last recession in the U.S., and normally, historically we have them every four to seven years for whatever reason — at least we always have,” Rogers said. “It doesn’t have to happen in four to seven years, but look at the debt, the debt is staggering.”
Rogers didn’t give many specifics, but said that the sluggish economies of China, Japan and countries in Europe will eventually contribute to additional congestion state-side. But if you look in the correct places, Rogers said there are already several signs that a recession may be in the near future for the U.S. economy.
“If you look at the … payroll tax figures [in the U.S.], you see they’re already flat,” he said. “Don’t pay attention to the government numbers, pay attention to the real numbers.”
Rogers made a similar claim in February, telling CNN that a global recession is “just around the corner.”
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