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News Link • Economy - Economics USA

Marc Faber and Jim Rogers Agree

• https://www.lewrockwell.com, Financial Tribune

Ten years after the last financial crisis, is the world due another one and will it be worse?

Despite US Federal Reserve Chair Janet Yellen saying last month that another financial crisis on the scale of the crash that enveloped the world in 2007/8 was unlikely "in our lifetimes", several respected stock market commentators believe a new disaster could happen within months rather than years, DW reported.

Jim Rogers, co-founder of the privately owned Quantum group of hedge funds, told the news website Business Insider in June that a stock market crash would happen "later this year or next". In a separate interview with the business channel CNBC, longtime Swiss investor Marc Faber, who has been nicknamed Dr Doom, predicted some stockholders would "lose 50% of their assets" during what he described as an "avalanche" of selling.

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