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US Money Printing Decelerates But Will Rebound Once Economic Problems Occur - Investor

© Sputnik / Alexey SuhorukovOne-dollar notes.
One-dollar notes. - Sputnik International, 1920, 28.06.2024
WASHINGTON (Sputnik) - The United States has decelerated its money printing compared to a year ago but will revive it once the economy experiences issues again, renowned US investor Jim Rogers told Sputnik.
"The US is not printing as much now as they were a year or so ago. But they have printed a huge amount of money. The interest rates went very low. So maybe they've slowed down," Rogers said.

"But still, when we start having problems again in the economy, they will start printing more money. That's all they know. They want to keep their jobs. They don't care about you. And me. They care about keeping their jobs. So, they will start printing again if we start having problems."

The International Monetary Fund (IMF) expects that the US economy will slow down this year due to the decline in business activity during the first quarter, IMF spokesperson Julie Kozack said in early June.
IMF Managing Director Kristalina Georgieva warned in April that US economic growth is "unlikely to last."
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On US Recession

Rogers confidently asserted that a recession is inevitable in the United States, noting the country's historical pattern of experiencing recessions regularly over centuries.
"It's coming soon. It is not coming in June, don't worry, probably later this year or next year," he said.
He added that it could begin before or around the upcoming elections, foreseeing its arrival within the next one to two years.
Rogers pointed out that the current stretch without a recession is the longest in US history.
In March, Federal Reserve Chair Jerome Powell indicated that the US economy is not currently at high risk of a recession and appears to be on track for a gradual slowdown.

Since March 2022, the Fed has raised interest rates 11 times, maintaining them at a range of 5.25% to 5.5% since July 2023, the highest since 2002.

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On US Debt

The US, with its unprecedentedly gigantic debt, is poised for a potentially severe bear market ahead, Rogers also shared with Sputnik.
"The next bear market in the US has to be very bad because good times have been going so long, but also because of the debt. The debt is the highest in American history," he said. "We have never had such gigantic debt in our history. So the next bear market has to be serious, very bad."
Rogers observed that global stock markets have been rising since 2008-2009, the longest period in history, with many reaching unprecedented highs.
"When we have problems, they are going to be very bad because so many markets have been so high and there's so much debt now," Rogers said. "I don't know when it's going to come to an end, but I do know it is going to come to an end. When it comes to an end, it's going to be very very serious."

Rogers is a high-profile investor and international financial commentator. In the 1970s he founded the Quantum Fund with billionaire George Soros. Currently based in Singapore, he is the chairman of Rogers Holdings and Beeland Interests, Inc. Time Magazine in 1994 dubbed Rogers the "Indiana Jones of finance" given the high profits he made investing in emerging foreign stocks that Wall Street neglected during the 1970s.

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