Friday, December 9, 2011

Jim Rogers: US Falling Into Deeper Trouble

From newsmax.com:

The United States economy never really emerged from the recession that began in 2008 and is possibly headed for a more chronic depression, and the prognosis for recovery doesn't look good, especially in 2013, says international investor Jim Rogers.

President Barack Obama has tried to spend the economy back into recovery, which never helps, Rogers told Newsmax.TV in an exclusive interview.

When an economy falls into a recession, which normally happens once every four to six years, it needs to run its course, which is painful but healthy in the long run.

Spending money via stimulus packages or through ultra-loose monetary policies resuscitates the economy but not for long and makes the day of reckoning even more painful when it arrives.

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