Tag Archive: US Debt

Total US debt soars to nearly $60 trn, foreshadows new recession

America – its government, businesses, and people – are nearly $60 trillion in debt, according to the latest economic data from thethe St. Louis Federal Reserve. And private debt – not government borrowing… Continue reading

U.S. Sovereign Debt Downgraded to a “C-minus”, DHS Warns Of Terror Attack If Debt Ceiling Not Raised

U.S. Downgraded to ‘Near Junk’ by Weiss “NEW YORK (TheStreet) — Weiss Ratings on Friday downgraded its rating for United States sovereign debt to a “C-minus,” or just one notch above a junk… Continue reading

Financial storm clouds of unprecedented intensity gathering on the horizon

July 3, 2011 – If you thought the global financial crisis of 2008 was bad, wait till you sit through the sequel. The world should be preparing for some very difficult days ahead. An unprecedented… Continue reading

Dagong Rating Agency: “The US Has Already Defaulted”

The soundbite of the day comes from AFP which quotes the infamous Chinese Rating Agency Dagong, known for being a little too truthy, which told state media Global Times what everyone already knows… Continue reading