Essayer OR - Gratuit
US Will Find It Hard To Walk The Talk, Face Worst Recession Of My Lifetime
Mint Hyderabad
|March 18, 2025
The recent slump in the US stock markets has raised concerns about President Donald Trump's economic policies on tariffs, immigration crackdowns and federal budget cuts.
Will these policies eventually benefit the market and investors? This seems unlikely, said Jim Rogers, a renowned global investor, author and commodities guru. Rogers has already sold US stocks and his money is going to the US dollar, which has been strengthening.
In an interview with Mint, he said while he believes Trump wants to 'make America great again', his administration will find it hard to walk the talk. He also said he expects the US economy to soon be hit by the worst recession of his lifetime. He said while he is tracking the Indian market, he will invest in it only if asset prices fall further. Here are some edited excerpts from the interview.
Why have you sold US stocks? How much scope does President Trump have to 'make America great again', and at what cost?
I sold my US stocks because I believe America is going to have problems. The country has not had any problems since 2008—the longest such period in American history. This is why I believe the country will have problems.
Whether it will be due to actions taken by President Trump or anyone else will only be known in the future, but we will have problems. It has been 15-16 years since the last recession, so it's long overdue. Brace for an economic slowdown, recession and inflation troubles.
How do you see the Trump tariff war playing out? What's the US administration trying to do?
Cette histoire est tirée de l'édition March 18, 2025 de Mint Hyderabad.
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