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Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?

To: James C. Mc Gowan who wrote (12856)4/20/2003 12:54:54 PM
From: KevinThompson  Respond to of 13660
 
Can you image the chaos in the world financial systems if the credit rating of the US were ever to be downgraded...

Not saying it won't ever happen, but certainly would cause a big problem for global economics in this day.

Regards,
KT



To: James C. Mc Gowan who wrote (12856)4/20/2003 3:05:22 PM
From: The Reaper  Read Replies (1) | Respond to of 13660
 
<a country with GDP of about 36 Trillion and a fast rising Budget Deficit of 1 Trillion and counting. That's about 2.8% and Germany's ratio is 3.4%.>

Just for accuracy's sake.......http://research.stlouisfed.org/fred/data/gdp/fgdef

$247.7 billion deficit/$10588.8 billion GDP = 2.34%

i wish we had a $36 trillion economy. :)

kirby


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