Another rout is imminent, worst is yet to come: Veteran investor Jim Rogers

Rogers is not surprised by the recent flight to quality, saying it's a 'tried and true' function of the markets in distress

As global stocks attempt to recover from their biggest quarterly loss since the global financial crisis, veteran investor Jim Rogers says there’s worse to come.

The current rebound in the markets may continue for a while following a bout of extreme pessimism, but another rout is imminent, according to the chairman of Rogers Holdings. That’s because of a triple whammy of coronavirus-fuelled economic damage, high debt levels and interest rates that are low, which will hurt when they rise.

“I expect in the next couple of years we’re going to have the worst bear market in my lifetime,” Rogers said over the