Another investor is now coming out warning that things are going to get a lot worse in the coming years regarding the Global Economy. Noted investor and author Jim Rogers, In a column posted on The Daily Reckoning painted a scary picture of the current state of the European Union, recalling recent terror attacks, cop killings, Britain leaving the EU and the Deutsche Bank nearly collapsing. But that’s “nothing compared to what’s coming,”.
Excerpt From The Blaze:
“But over the next couple of years, it’s going to get a whole lot worse,” he wrote. “As economies worsen, there will be more social unrest, more angry people, and crazier politicians. Somebody will try to come along on a white horse to save us all, but she usually makes it worse.”
This report follows a previous warning given by Marc Faber who is the editor and publisher of the Gloom, Boom & Doom Report said Monday on CNBC’s “Trading Nation” that stocks are likely to endure a gut-wrenching drop that would rival the greatest crashes in stock market history. “I think we can easily give back five years of capital gains, which would take the market down to around 1,100,” Faber said, referring to a level 50 percent below Monday’s closing on the S&P 500.