The U.S. economy in the next 12 months will decline, said the U.S. investor and entrepreneur Jim Rogers. His words are quoted by Bloomberg.
“It’s been seven, eight years since the last recession in the US, and traditionally, historically, every four to seven years it for various reasons repeated”, — said the businessman. In his opinion, the likelihood that the U.S. financial system expects a decline that would last approximately one year, is 100 percent.
Rogers also warned about the possible transformation of the dollar into the bladder. Investors, according to the financier, will invest in the USD, as global markets crash. For this reason the us currency could collapse, said the multimillionaire.
In the summer of 2015, it was reported that the U.S. unemployment rate reached a 42-year low. The number of unemployed Americans who first applied for benefits in mid-July fell from 281 to 255 thousand people.