Legendary investor Jim Rogers seems to be getting a little concerned about China’s property problems. “There are two bubbles in the world – one is in Treasurys, the other is in urban and coastal real estate in China,” Rogers told CNBC Wednesday.
Rogers also said that we’re going to have another recession.
“We’ve had recession in the West every 4-6 years since beginning of time. So, certainly by 2012 say, it’s time for another recession if not before…The next time it’s going to be worse because we’ve shot all of our bullets,” he added.
