"Everybody is in the state of panic. Many financial institutions still don’t know what they have. So, in the meantime, everybody is frozen trying to figure out, what are we worth, what can we do? One reason the banking system is frozen up is because nobody trusts anybody else."
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.