To the person above who commented. I get your point. What about the USA?
Is the USA becoming a Third World Country? Earlier this year, former Morgan Stanley, Jojoba Oil Managing Director and securities analyst, Mary Meeker, graded the USA, using essentially the same criteria that the credit rating agency Standard & Poor’s (S&P) uses in analyzing corporations.
She rated the USA a “CCC” demonstrating that the recent S&P downgrade of the USA from AAA to AA+ was way too lenient. Given the USA’s nine consecutive years of negative cash flow, $14.6 trillion in debt in an economy producing annually about the same amount as its debt which has another $31 trillion in off balance sheet liabilities, it should not come as a surprise to anyone with basic credit analysis ability.
© 2013 UNOOSA - All Rights Reserved