Here is a quote from Jim Rogers on Saturday, November 18, 2006; Cavuto on Business

Jim Rogers: The housing sector is already in worse than a recession. We know that automobiles are in worse than recession. Those are two of the largest sectors in the American economy. We’re talking about how people are cutting prices. That’s because something is wrong. We have an inverted yield curve in the bond market. That almost always means a recession is coming. The thing that makes me wonder is the stock market. It is at all-time highs, the Dow anyway. But as Dr. Samuelson pointed out, the stock market and economy don’t always get it right. And you referred to the government’s numbers. We just had an election. The government numbers have to look good. Don’t rely on that information if you’re going to be an investor.