In Cataclysm, default, Economic Institutions, Environment, Financing Reconstruction, Global Economics, selective default on August 19, 2011 at 11:12 pm
US sovereign credit rating has been downgraded and businesses are adapting to a volatile and lower growth marketplace. Americans are cutting spending and saving like never before. The risk is now led by political leaders who are unable to recognize that sovereign debt still exists and is CONTAGIOUS!
Oncoming US elections have furthered uncertainty about leadership. The demand for US treasury securities have risen and yields have fallen.
In Cataclysm, Crisis in Japan, Economic Institutions, Environment, European Union, Financing Reconstruction, Global Economics, macroeconomic factors, Multibillion, spillover effect on August 6, 2011 at 12:48 am
One day we’ll tell our grandkids how awesome everything was before the governments decided to bailout the banks and bankrupted themselves.