A new round of global economic recession is likely to hit soon but governments around the world may not be able to raise bailout plans, some leading financial experts and hedge fund managers believe.Jim Rogers, chairman of Rogers Holdings, told CNBC on Tuesday that the U.S. economy had been experiencing a recession every four to six years “since the beginning of time.” "When the next one comes, the world is going to be in a worse shape because it has shot all its bullets. Is Mr. Bernanke going to print more money than he already has? No, the world would run out of trees," Rogers declared.
The assessment given by Robert Shiller, professor of economic at Yale University and co-developer of Standard and Poor's S&P/Case-Shiller home price indexes in an interview with Reuters Insider the same day was similar. Shiller opined that while he was uncertain where home prices may be headed, he was confident the economy was on a precarious path. Full Story
