Next crisis will be worse: Rogers

[specuvestor]

It is meaningless to predict a worse next crisis. When is next crisis? What is "next" crisis? What if next crisis is not worse? does it count? there is always more "next" if it does not count.

Agree. Unless you can roughly pinpoint a timeline a stopped clock is also right, not once but TWICE a day

If we are always concern about black swan, we will do nothing. As per my posts, we have to keep in mind black swans and the environment we are in, but we can manage our risks. I know we are in an asset bubble say in UK and Australia, but we will not know when it will burst, how one navigate and position becomes important because the world is ALWAYS uncertain. If say UK can deflate the bubble as China and HK are attempting, then the analysis changes.

Govts are obviously overleveraged and household are leveraged by asset bubbles, but corporate balance sheets are in general fine. How policy makers try to solve these issues will affect the analysis. the world is dynamic