0 The Next Recession Is Going To Be Worse

In 2002, we had an economic slowdown; 2007 and '08 was worst, because the debt was so much higher. Well, the next one in 2013/2014 is going to be worse still, because the debt is so, so much higher now, so then that slowdown or recession, or whatever it's going to be called, will be worse in 2007 and '08. Let's assume we get out of that one, one way or the other. Then the next one at the end of the teens, the beginning of the Twenties, will be worse still, because the debt will be so much higher, so by then, the US will probably be bankrupt, just as the UK was in the mid-Seventies. - in Motley Fool

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Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.