Jim Rogers, an international investor who is chairman of Rogers Holdings and Beeland Interests, Inc., and author of “A Gift to My Children: A Father’s Lessons for Life and Investing,” reacts to the tumult in the international markets.
The European debt crisis conflated with fears the U.S. may be entering another recession has lead to a violent investor sell off around the world. Asian markets all closed down around 4 percent, and U.S. futures have been volatile this morning.
With the developing situation in Libya, and demonstrations being staged in other oil producing nations in the region , oil prices are particularly volatile. Louise Story explains what analysts are calling “the uncertainty premium.”