Investor Jim Rogers said in an interview with El Economista that he doesn’t expect that the euro will survive in its current form over the next decade.
Rogers, chairman of Rogers Holdings, told the Spanish newspaper he expects a very bad year in the U.S. in 2013 after the government increases spending in 2012 because of elections.
The next economic crisis in the U.S., which will come in 2013 or 2014, will be much worse because indebtedness is very high, he said in the interview.
Rogers advises against investing in the U.S. financial system, especially Bank of America Corp. (BAC), El Economista reported. He said he remains confident about the prosperity of the Chinese economy, the newspaper said.
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