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Fiscal cliff measure meaningless; see recession in 2013: Jim Rogers

PUBLISHED ON: January 1, 2013 | Duration: 6 min, 30 sec

   
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Jim Rogers, CEO at Roger Holdings, speaks to NDTV about the approval by US senate to fiscal cliff measure, two hours after the December 31 deadline. According Mr Rogers, the deal is meaningless as it won’t change anything. "The spending will continue to go up, the debt will continue to go up," he says, adding that a drastic cut in the government's $1 trillion-worth yearly spending is the only way out.
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