Credit rating agency

Hell in a Very Small Place

Hell: the creditor of last resort Note: While I was writing this I thought about many things I experienced and read. Then as I was posting this the title of a book I read many years ago came to mind. Bernard Fall’s Hell in a Very Small Place. Fall was and remained a sympathizer with […]

Maggio 18, 2024
Poverty in Greece

New York Times published a news article “Greece, Battered a Decade Ago, Is Booming” by Liz Alderman, with additional reporting from Niki Kitsantonis (Monday, Sept. 25 / in print on Saturday, Sept. 30, Section B, Page 1 with the headline: “A New Era of Prosperity for Greece”). The article informs us that Greece was hit by an economic crisis […]

Ottobre 6, 2023
Fitch Downgrades US Debt Rating

On Tuesday, Fitch Ratings, one of the leading three US credit rating agencies, announced: US’ long-term foreign-currency issuer defaulting rating would be downgraded. Among other factors pushing this downgrading, Fitch cited issues with governance, rising deficits and a looming recession. Fitch, on an earlier occasion, put the US on watch for a potential downgrade. At […]

Agosto 5, 2023

Demowp