WASHINGTON, June 28 The USA is waiting for “very bad» period of decline in the stock market, including due to the highest level of national debt in American history, famous American investor Jim Rogers said in an interview.
«The next bear market (a period of stock market decline — ed.) will be very bad because the good times have lasted for a very long time, and also because of debt,» he said.
As the investor noted, the American national debt has already reached the highest level in the entire history of the country. «We've never had this much debt in our history. So the next bear market is going to be seriously, really bad,» he said.
On Thursday, the International Monetary Fund (IMF) said that the US authorities increasingly urgently need to start reducing the national debt, since its growth threatens both the American and global economies, and by 2032 it will exceed 140% of GDP.
According to US Treasury data, as of Friday the level of American debt is already $34.7 trillion.