Famous investor Jim Rogers announced that he expects a collapse in the markets. Stocks fell sharply in the first three months of the year, with concerns about the recession that affected the markets.
Global stocks have suffered incredible losses due to the epidemic, famous investor Jim Rogers argued that the worst has not yet come.
Rogers, the chief executive of Rogers Holdings Inc. said that the current rise in the markets may continue for a while after excessive pessimism, but another collapse may occur soon.
The famous investor pointed to the triple problem consisting of coronavirus-induced economic damage, high debt levels and low-interest rates that would have an adverse effect when it increased.