INSUBCONTINENT EXCLUSIVE:
By Ishika MookerjeeAs global stocks attempt to recover from their biggest quarterly loss since the global financial crisis, veteran investor
another rout is imminent, according to the chairman of Rogers Holdings Inc
interview.
Stocks plummeted in the first three months of the year as worries about an all but certain recession swept through markets
A global gauge of emerging- and developed-world equities posted its worst quarter since 2008, even as governments worldwide pumped trillions
to prop up economies and central banks undertook emergency interest-rate cuts.
This is not the first time he shared such bearish views
Rogers, who co-founded the Quantum Fund with George Soros in the 1970s, had said a bear market was imminent back in 2018
His concerns have grown since, as the debt of businesses afflicted by lockdowns and travel bans comes under the the spotlight.
The impact of
function of markets in distress
relatively unscathed, unless they are highly leveraged