Rogers: I'm a horrible, horrible, horrible short-term trader. I'm the world's worst. So I'm watching BP with great interest because somewhere along the line, there's
So what happens to the world economy as you see it?
Rogers : We're certainly going to have another recession in the next two or three years. We've had recessions every four to six years since the beginning of time. So by 2012, we're getting ready to have another one, if history's any guide. I suspect it will happen before then, because there are still so many imbalances in the world which have to be sorted out.What's the biggest positive and the biggest negative that you see in the big macro picture right now for the world economy? Rogers: The gigantic debt imbalances. Throughout history, when you've had these kind of imbalances, they usually worked their way out in the currency market. It used to be the gold market when we had the gold standard. We've been seeing currency dislocations for two or three years. We're
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