Jim Rogers: New Recession in 2012

Speaking in an interview with business television channel CNBC, the septuagenarian investor said that "since the beginning of time" there has been a recession every four-to-six years, and that's mean another one is due around 2012.

However, he said that due to the extraordinary measures already adopted by central banks and governments around the world, the arsenal of available tools to combat the next recession is somewhat lacking.

With reference to Ben Bernanke, chairman of the US Federal Reserve, he said: "Is Mr Bernanke going to print more money than he already has? No, the world would run out of trees."

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