On top of monetary policy, governments have run up debts via stimulus programs, widening fiscal deficits in the process. Sooner or later, economies will have to mop up liquidity and pay down debts, which will result in economic contraction in a year or so. So Jim Roger’s advice is “enjoy 2012, because growth and rising stock markets won't last”.
"The overall situation is getting much worse because the debt is going through the roof for all of us," Rogers says. "You should worry about 2013, you should be very worried about 2014, but this year, more or less, is not going to be so bad."
Jim Rogers is an great investor, author and respected financial commentator. He is a regular guest on different TV programs like these of Barron's, FT, Wall Street Journal, New York Times, Fortune and CNBC. Rogers is the president of Rogers Holdings and Beeland Interests.