![]() I hope I'm smart enough to survive it."ĥ. Since 2009, the debt everywhere has skyrocketed so the next time we have a problem, it's got to be huge, probably the worst in my lifetime. I would expect the next bear market would be the worst in my lifetime. "I know we're going to have huge problems again. But I am worried, and you should be worried too."Ĥ. They're showing us a good time at the moment. If you give me $1 trillion, I'll show you a good time. "The American economy has been expanding, the government has printed huge amounts of money, has borrowed huge amounts of money, and spent huge amounts of money. I have a huge amount of cash but I'm not selling short yet because bubbles - especially the end of a bubble - can go on for longer than any rational person expects, and that seems to be what's happening now."ģ. You see all the classic signs that this is nearing the end. You see inflation going higher, interest rates going higher, some stocks go up every day, some bubble stocks. "The US economy has had the longest period of expansion without a recession in recorded history, and it's coming to an end. I expect things to go bad in the US before long, but not today - which probably means they will go wrong today because my timing is usually so bad."Ģ. "I'm not bearish on the US, I just am not invested there and I am waiting to sell it short. Here are Rogers' 9 best quotes, lightly edited for length and clarity:ġ. He rang the alarm on US debt, said he's betting on the dollar and sees value in commodities, and once again predicted the worst bear market of his life in a Wealthion interview released this week. The legendary investor and travel author, 81, is best known for cofounding the Quantum Fund and Soros Fund Management with George Soros. He has also produced some critically acclaimed albums and started a band called Cooper along with Tim Bradshaw, a friend of Toth's.Stocks, bonds, and real estate are all bubbles destined to burst, and America is barreling toward economic catastrophe, Jim Rogers has warned. Toth says he has been influenced by Stewart Copeland, Neil Peart, Bill Bruford, and a host of other virtuoso drummers. Following Pia's departure, Toth became the sole drummer for the Doobie Brothers in 2005 and remains in this capacity presently. Hossack, in turn, was succeeded by Tony Pia, who ultimately left the band. Knudsen's successor Michael Hossack ultimately did not continue on with the band and died in 2012. Toth is the fifth and current drummer for the Doobie Brothers. Toth went to the show as the manager's friend, and when the band had an opening for a drummer Toth auditioned for the spot. His enthusiasm for the recording impressed Scannell's mother so much that, in gratitude for the assistance she received at the store, she offered to put the bookstore manager and a friend on the guest list for a Vertical Horizon show at Mama Kin, an Aerosmith-owned nightclub in Boston. Toth's association with the group began when he was working at a Boston Borders Books The mother of Vertical Horizon's lead singer and guitarist Matt Scannell, was shopping in the bookstore and asked Ed for a Vertical Horizon CD, which he had listened to and quite enjoyed. Most notably, he was a member of Vertical Horizon from 1996 to 2005, which yielded a multi platinum album Everything You Want, the title track of which also charted #1. ![]() Toth has played in numerous other rock and funk bands over the last decade. While still at the University of Miami, Toth became a member of the funk and rock band Jennifer Culture. He went on to attend the University of Miami's Frost School of Music, where he received a Bachelor of Music degree in 1994. He made good use of his father's record collection and was active in all music programs in East Lyme, Connecticut, playing in his high school band at East Lyme High School. Toth says that he has been drumming most of his life. ![]() Toth joined the Doobie Brothers in 2005 following his departure from Vertical Horizon. Edward Arthur Toth is an American musician and drummer for The Doobie Brothers, an American rock band.
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