Tuesday, May 15, 2012

Billionaire Jim Rogers: We've had a great 30 years in the stock markets but it's over

On May 14th, Billionaire investor Jim Rogers spoke with CNBC in an interview, and discussed several market topics such as gold, stocks, market volume, and the overall direction the market is conveying for the future.  Most importantly, Rogers sounded the alarm that declining market will not be returning, and that America has had a nice 30 year run in stocks, but now, the party is over.



...the thoughtful Rogers opines, "You can read world history for decades. There are always people doing things wrong. We have not changed our human nature and we will continue to have scandals and problems" and in a follow-up to CNBC's standard 'money-on-the-sidelines' argument he crushes the money-honey's dreams: "Finance had a great 30 years. That's finished. Now to advance, we have too many people, too many MBAs, too much leverage and too many governments that don't like us". - Zerohedge

You can watch Jim Roger's interview below.

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