Tags: Trump Administration | Democrats 2016 | Donald Trump | GOP2016 | Hillary Clinton | jim rogers | donald trump

Jim Rogers: 'President' Trump Would Force US Into Bankruptcy, Trade Wars

Image: Jim Rogers: 'President' Trump Would Force US Into Bankruptcy, Trade Wars

(AP/Rick Wilking)

By    |   Tuesday, 08 Nov 2016 12:37 PM

 

International investor Jim Rogers doesn’t really care for either White House contender.

The investment guru and chairman of Rogers Holdings warns that while Donald Trump would no doubt force America into bankruptcy and trade wars during his presidency, he doesn’t think the country would really fare any better under Hillary Clinton’s administration.

About the best he can say for Clinton is that the economic decline would happen at a slower pace under her watch than under President Trump, Rogers told ETMarkets.com.

Trump would go for a trade war, which would make the U.S. dollar go up at least for some time, but it will eventually lead to bankruptcy, Rogers said

Rogers said that oil would probably not go down, but stocks and gold might, as people would be worried about bankruptcy and war. Commodity prices have already been inflated by 50-60% at present. These might see some consolidation, he added. He said a savvy investor should be long on commodities.

Rogers isn't the only respected economic guru to sour on both presidential candidates.

Former Reagan economic adviser David Stockman warns that the stock market is doomed regardless who wins the White House. Stockman said a smart stock investor will sell everything before the politics hit the fan.

"The markets are hideously inflated," Stockman recently warned CNBC. The former Director of the Office of Management and Budget under President Ronald Reagan urged investors to dump stocks and bonds ahead of the dangers that both Donald Trump and Hillary Clinton pose to markets if either is elected as President.

"If you don't sell before the election, certainly do it afterwards. Government is going to be totally paralyzed regardless of who wins," he said. "There could be a 25 percent draw down on markets," he predicted.

(Newsmax wire services contributed to this report).


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International investor Jim Rogers doesn't really care for either White House contender. The investment guru and chairman of Rogers Holdings warns that while Donald Trump would no doubt force America into bankruptcy and trade wars during his presidency.
jim rogers, donald trump, hillary clinton, economy
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2016-37-08
Tuesday, 08 Nov 2016 12:37 PM
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