by Divya Chowdhury
(Reuters) – The debt taken on by the U.S. government and the unprecedented amount of money printed by the Federal Reserve are the biggest risks for 2021, Jim Rogers, the investor who co-founded the Quantum Fund with George Soros, said on Monday.
Rogers, who is Chairman at Rogers Holdings and Beeland Interests in Singapore, told the Reuters Global Markets Forum he expected the next decade to be the most difficult for markets in his lifetime because of the levels of global debt.
“We had a horrible time in 2008 because of too much debt, and since 2008, the debt everywhere has skyrocketed. We can’t even count how much the debt is up,” Rogers said at the Reuters Global Investment Outlook Summit 2020.