Looming economy nightmare

I'm no expert in analyzing world economy, but with so many master class investors shorting the US economy, there is no reason why we are not caution about our own investment... after all, that's our hard-earned money

“We are probably going to have one of the worst recessions we've had since the Second World War. It's not a good scene.”
- Jim Rogers

For more story on interviewing Jim Rogers, please follow this link:
http://money.cnn.com/2008/01/30/news/international/okeefe_rogers.fortune/index.htm

Jim is not alone with the pessimistic view. At hindsight,Soros had expressed this a year or so ago
"Almost inevitably, they have got to overshoot because they can't stop (raising interest rates) until the economy shows signs of a slowdown. By the time it shows these signs it may be a little too late. I happen to be on the pessimistic side."
- George Soros

And this is latest statement from him again...
http://www.thefirstpost.co.uk/people,601,soros-predicts-worst-recession-for-50-years,13683

I can only hope my investment will not bleeding further, since 2008 start, i already lost ~2% my portfolio, this is really not something i can proud of... :p