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EXCERPTS FROM:
Jim Rogers: There’s a 100% Probability of a U.S. Recession Within a Year
But buy the greenback anyway.

By Luke Kawa | March 4, 2016 — 8:17 AM EST

Rogers Holdings Chairman Jim Rogers is certain that the U.S. economy will be in recession in the next 12 months.

During an interview on Bloomberg TV with Guy Johnson, the famous investor said that there was a 100 percent probability that the U.S. economy would be in a downturn within one year.

“It’s been seven years, eight years since we had the last recession in the U.S., and normally, historically we have them every four to seven years for whatever reason—at least we always have,” he said. “It doesn’t have to happen in four to seven years, but look at the debt, the debt is staggering.”

The former partner of George Soros suggested that if investors focus on the right data, there are signs that the U.S. economy is already faltering.

“If you look at the … payroll tax figures [in the U.S.], you see they’re already flat,” he concluded. “Don’t pay attention to the government numbers, pay attention to the real numbers.”

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