Jim Rogers Says Trade War Is Making His Bearish View Even Darker

75-year-old investor bought Russian ruble bonds on Wednesday
Rogers also seeking investments in China, Japan and Vietnam

Ian Winer of Wedbush Securities and Paul Richards of Medley Global Advisors discuss the potential for a trade war. (Source: Bloomberg)

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By Ksenia Galouchko

March 21, 2018 at 4:09 PM UTC

Updated on

March 21, 2018 at 9:01 PM UTC

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Veteran investor Jim Rogers is already predicting the worst bear market for stocks in his lifetime. And that’s before you figure in a trade war.

“The next bear market is going to be the worst in my lifetime -- just because of the debt -- but if we also have a trade war, it’s going to be worse than a disaster,” Rogers, the 75-year-old chairman of Rogers Holdings Inc., said in a Moscow interview. “I’m extremely concerned. I’ve read enough history and been through enough markets to know that trade wars are usually a disaster.”