Financial hard times ahead

A link to Finance Trend Matter reviewing an interview with Jim Rogers where "The famed Singapore-based investor discusses a number of timely issues with the FT's John Authers."

Recession: Jim feels that the current recession will be the worst since World War II, a point on which he and Nouriel Roubini seem to agree. However, unlike Roubini, Rogers feels that the policies and stimulus packages enacted by politicians and central bankers around the world will only lengthen and prolong the recession.

Regulators' failings: According to Rogers, most of our current problems are rooted in the failings of regulators and central bank officials who encouraged moral hazard with easy money policies and a string of financial firm bailouts. We have not allowed business failures to occur in recent years, and this has prevented the economic system from cleaning itself out.