Legendary investor Jim Rogers predicted more challenging times ahead for the
U.S. economy, although he does not seem them occurring this year. In a recent
interview with Opalesque Radio , Rogers discussed his latest outlook for the
financial markets and economy. The overall situation is getting much worse
because the debt is going through the roof for all of us, he contended. You
should be worried about 2013, 2014 but overall 2012 wont look so bad. Rogers
also noted that Profitability for American companies is at an all time high if
you measure return on equity. Some people anticipate that profits cannot get
much better but even if they do they cant last much longer. With regard to where
hes investing currently, Rogers stated that I personally invest in real assets.
If the economy improves Ill make money because the demand for those assets will
increase. On the other side, when governments get in trouble they print more
money and when they do that you can protect yourself by owning real assets.
Although he did not discuss gold specifically, Rogers comments indicated that he
remains bullish on the yellow metal.
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