Jim Rogers: 'It's going to be much worse' - Jan. 31, 2008

Jim Rogers: 'It's going to be much worse' - Jan. 31, 2008: "NEW YORK (Fortune) -- You might expect Jim Rogers to be gloating a little bit. After all, the famed investor has been predicting a recession in the U.S. economy for months and shorting the shares of now-tanking Wall Street investment banks for even longer. And with fears of a recession sparking both a worldwide market sell-off and emergency action from Federal Reserve chairman Ben Bernanke, Rogers again looks prescient - just as he has over the past few years as the China-driven commodities boom he predicted almost a decade ago began kicked into high gear. But when I reached him by phone in Singapore the other day there was little hint of celebration in his voice. Instead, he took a serious tone.

'I'm extremely worried,' he says. 'I have been for a while, but I just see things getting much worse this time around than I expected.'"