Jim Rogers is an expatriate American investor and financial commentator based in Singapore. He is co-founder, along with George Soros, of the Quantum Fund, and continues to write, lecture and provide commentary on global economic issues.  He is also the creator of the Rogers International Commodities Index (RICI).  In this interview, Rogers expresses his view that Asia is now the center of global economic strength and that the United States (the largest debtor nation in history) and United Kingdom are in decline.



A lot of folks have been upset by this interview, so watch and listen carefully. I'd be interested in hearing your feedback.

Malcolm Gladwell is my favorite author and on May 5th, he spoke at the New Yorker Summit about how overconfidence led to the current economic crisis. Wall streeters will criticize that Gladwell is not an economist and doesn't understand the complex issues that led to the collapse, and they are right on one of those counts.  He is not an economist.  He is, however, one of the most brilliant sociologists on the planet with a unique ability to understand and articulate how and why things happen in today's society.

Gladwell acknowledges, and then dismisses, what most experts attribute as the cause of the financial collapse - institutional (regulatory) failure and incompetence of the experts on Wall Street.  He instead offers a third option - overconfidence.  Overconfidence brought on by what biological sociologists call miscalibration and illusion of control.

He does a better job of explaining miscalibration and illusion of control than I could so, please, watch the video.