Next crisis will be worse: Rogers

[SINGAPORE] Investment guru Jim Rogers says the next global financial crisis may not be around the corner but, when it comes, it will be worse than ever.

The signs of a crisis building up are already there, he said on Saturday at a seminar that was part of the Investment Fair Singapore 2014 exhibition. Global debts are already "up to the ceiling now".

"We had an economic problem in the world in 2008," Mr Rogers warned. "It was much worse than before because debt was so much higher than in world history. The next time it happens, it's going to be worse still."