From CNBC: Jim Rogers says he's more worried about the U.S. debt situation than he is about Europe. According to Rogers, the U.S. has deeper structural problems than Europe as well as higher debt levels.
"Europe's got some bad problems but the entity as a whole is not nearly as deep in debt as the U.S. They don't have a huge balance of trade deficit, like we do," Rogers said.
Investors have been worried about the lack of a unified response from Europe. Leaders in the single currency group have been accused of being behind the curve and not getting to grips with the crisis even as stock markets have swooned. But Rogers believes that America, despite having a single fiscal policy, is actually worse off in terms of its debt situation.
Read more about it at http://www.cnbc.com/id/44681050
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