U.S. "undoubtedly in recession" -- High-profile investor

U.S. "undoubtedly in recession" -- High-profile investor

marketwa tch.nytimes.com

LONDON (Reuters) - The United States has entered a recession, according to highly-regarded investor Jim Rogers, who told Britain's Daily Telegraph newspaper on Wednesday he was switching out of the dollar and into yen, the yuan and the Swiss franc.

The veteran investor, who predicted the 1999 commodities rally, also said he was still bullish about surging Chinese stock markets despite worries over a bubble.

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He goes on to discuss a "bubble" forming, which is totally wrong, it's there already, the housing 'industry' is in shambles. Then, talks about wanting to own Chinese stocks "forever"

marketwa tch.nytimes.com
(visit the link for the full news article)

Occurs we are in a recession that got worst with the housing bubble crash, but do not tell that to the younger gurus at the stock markets they will tell you that is not a recession is just a slow down.

Let see what retail have to say about this when the holiday expected spending do not reach the desirable outcome.