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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Wednesday, July 28, 2010

Jim Rogers predicts a new recession in 2012 - Telegraph

Basically, Rogers says that there is a recesssion every 4-6 years. So given that there was one in 2008, that we are due another one starting in 2012. Since central banks and governments around the world have continued the wild spending and monetary spree, these same governments and central banks no longer have these tools in their arsenal.

In addition, Shiller, of the Case-Shiller home index says....
"For me a double-dip is another recession before we've healed from this recession. The probability of that kind of double-dip is more than 50pc. I actually expect it," he said. His prediction came despite the S&P/Case-Shiller index for May showing a 4.6pc year-on-year increase in house prices in 20 major US urban areas (sic)."
Maybe, this will be the final death for government sponsored socialism since they will no longer be able to afford to continue these wasteful and sometimes worthless programs.

Jim Rogers predicts a new recession in 2012 - Telegraph


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