Jim Rogers Says China Right to Cool Casino-Like Trading Frenzy

Veteran investor Jim Rogers says that authorities in China are right to tackle the frenzy of speculative investing that’s broken out in the nation’s commodity futures markets, warning that a failure to act would have stored up problems.

“China is doing their best to cool it off and calm it down,” Rogers, Singapore-based chairman of Rogers Holdings, said in a telephone interview. “That’s good, because over-speculation in anything leads to problems, especially if people don’t know what they’re doing.”