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Moody’s Downgraded Debt Of Greece, Faith In Sovereign Debt Downgraded, Too
17 hours ago ago from 24/7 Wall St.
Moody's (NYSE: MCO ) downgraded the government debt of Greece from A1 to A2. Very few economists or bankers will be surprised. Greece is dealing with a shrinking economy and growing national debt and budget deficits. It is not much different in terms of these problems than most other nations, including the US. The economies of more economically sound country's are not being effected by concerns of credit agencies, at least not yet. The ...
Related contentFears of Sovereign Debt Default Enter the Forex Fray
19 hours ago ago from StrataFX.com
As if forex traders didn't have enough to worry about these days, now there is a new concern- that of sovereign debt default. The last couple months have witnessed a spate of minor episodes, all of which paint a picture of frightening cohesiveness about the state of sovereign finances, and the ability of countries to continue to finance and service their debt. As the economic recession moves into recovery (or at least, permanently distances ...
Related contentBob Chapman, Forcaster Dec 19, 2009
21 hours ago ago from " The Gold War " by Jimmy Siri
จดหมายข่าวประจำวันที่ 19 ธันวาคม 2009 เป็นข้อมูลเชิงลึก และตัวเลขเศรษฐกิจสำคัญๆ ที่แท้จริงของเศรษฐกิจสหรัฐ ถ้าใครมีความต้องการใช้หรือมีความเกี่ยวข้องในทุกๆ ด้าน พลาดไม่ได้ครับ เป็นระบบบอกรัีบสมาชิกที่เวบของเค้า http://theinternationalforecaster.com/ ปีละ $149 เพื่อรับข้อมูลเหล่านี้ครับ The International Forecaster Two Years Of Failure In Directing The Economy December 19 2009 As we look back and this year comes to an end we find two ...
Related contentThere Is No Way Out Of This Box....
21 hours ago ago from Yzerfontein Chronicles
by Karl Denninger ... that does not involve serious pain. Go ahead folks - tell me how we can simply ignore this. How we can pretend that the outstanding debt does not have to come back down to reasonable levels. That these levels are "reasonable" - and that these rates of growth are "reasonable." This is the "magic of compounding" writ large - and in a fashion that is going to inflict severe pain on our ...
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How Government Debt Differs From Private Debt : NPR
7 hours ago ago from NPR
Search hear continuous streams 24-Hour Program Stream NPR News and Shows hear the latest news [4 min 45 sec] Latest NPR Newscast How Government Debt Differs From Private Debt December 22, 2009 Audio for this story from Talk of the Nation will be available at approx. 6:00 p.m. ET ...
Related contentDave Johnson: Save Social Security
7 hours ago ago from Huffington Post
It is possible that there is going to be a "deficit commission" to look for ways to reduce our country's budget deficits. I have some questions for them to ask to help get things started in the right direction: 1) President Reagan increased Social Security taxes, but used that money to cut the very top tax rates that only the wealthiest pay. Now that the money borrowed from Social Security is coming due, which income group is better ...
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