Are States & Provinces Destined to Default by 2034?
You have to wonder why we have the most incompetent people in government, perhaps in history. While there is not a single leader in Europe who I would even want [...]
The three main credit rating agencies have been downgrading government debt at an alarming rate, which confirms our computer models, albeit a tad late. The first half of 2016 has seen more sovereign downgrades since the crash of 2009. The first six months of this year saw Moody’s downgrade 24 governments, Standard & Poor’s 16 governments, and Fitch 14. This has included Saudi Arabia and Brazil.