Posts Tagged ‘GDP’
US Triple-A Credit Rating at Risk – Moodys
Sunday, February 15, 2009 16:06 3 CommentsThe credit worthiness of the United States is deteriorating rapidly and may lead to a credit rating downgrade.
In our 2009 forecast, we mentioned that the United States may be downgraded this year. The trillions of dollars being pumped into a dying financial system will have its consequences. The treasury is expected to issue $2 trillion [...]
Mind Boggling – The True Cost of The Bailout
Monday, December 1, 2008 18:23 11 CommentsAt $8.5 Trillion already pledged by the US Government, the 2008 bailout of the financial sector has become largest single expenditure ever assumed by the US Government (Or any government). Just how large you ask? We’ve now exceeded the total cost of World War 2, The New Deal, Korean War, Iraq Invasion, Vietnam, The Louisiana [...]
$7.7 Trillion and Counting
Monday, November 24, 2008 19:26 No CommentsThe U.S. government is ready to provide $7.7 trillion of American taxpayer money after guaranteeing $306 billion of Citigroup Inc. debt yesterday. These pledges amount to HALF OF US GDP and almost four times the amount the Government receives in tax revenue per year.
The US dollar sold off on the news as gold spiked [...]
