Sovereign debt is a key driver of the current economic jitters. The chart below shows next year’s sovereign debt estimates for the G-7 and other key global economies – the U.S. debt in 2011 would be about equal to GDP ($15 trillion), while the debt loads carried by Japan, Italy and Greece would exceed GDP.
Jim Rogers, chairman of Rogers Holdings, talks with Bloomberg’s Haslinda Amin about China’s yuan policy and calls for the mainland to allow the currency to appreciate. Speaking from Singapore, Rogers also discusses the outlook for global economies, currencies and the commodities market. Bloomberg’s Paul Gordon and Patricia Lui also speak.
