Jim Rogers: Be ‘Very Worried’ About U.S. Economy in 2013 and 2014

Earlier this month the International Monetary Fund (IMF) lowered its growth estimate for the global economy to 3.3% and 3.6% for 2012 and 2013 respectively, warning that any revisions to the outlook would likely be lower. According to finance..yahoo, domestically the U.S. economy grew at a tepid 1.3% in the third quarter, revised lower from the initial estimate of 1.7%....... Rogers regards a U.S. recession in the coming year as all but inevitable. "Every four to six years since the beginning of the Republic we have had slowdowns in America," he says in the attached video. "It's always happened and it's going to happen again."....... For those of you who missed the recovery it's probably disturbing news that history suggests we're already due for economic contraction............................................ Wait, wait…there’s more at http://finance.yahoo.com/blogs/breakout/very-worried-u-economy-2013-2014-says-jim-133427956.html