Miner Company
Jim Mellon: U.S. debt pile is a bigger risk than rising oil prices
Jim Mellon, entrepreneur and executive chairman of Agronomics, tells CNBC's Ritika Gupta that the shock to energy markets from the war in Iran is “bad, but not disastrous,” adding that investors should look for opportunities that emerge during periods of crisis. Mellon also explains why he's steering clear of U.S. equities, citing stretched valuations and the risk of a potential government debt crunch.
Jim Mellon, entrepreneur and executive chairman of Agronomics, tells CNBC's Ritika Gupta that the shock to energy markets from the war in Iran is “bad, but not disastrous,” adding that investors should look for opportunities that emerge during periods of crisis. Mellon also explains why he's steering clear of U.S. equities, citing stretched valuations and the risk of a potential government debt crunch.