How can a country with that kind of numbers and the unemployment rate of Spain (around20%) with no savings rate have even a single A or get financing for anything below 10% ? This is another grand Ponzi scheme and the reason why Gold keeps going up. Also the reason why the corrupt DC admin never went after the rating agencies because a prudent research would double or triple US financing
Outlook Remains Stable on US AAA Rating: Moody'sThe United States' AAA rating continues to be stable, even though the government's finances have weakened from the cost of supporting the country's financial system and economy, Moody's Investors Service said on Tuesday.
The Federal Reserve headquarters in Washington, DC.
The U.S.' top rating is backed by the country's ranking as the world's largest economy as well as its flexible markets and open trade regime, Moody's said in a statement that was worded similarly to other regular statements made in recent months.
A stable outlook indicates the rating agency views the AAA rating as unlikely to come under pressure over the next 12 to 18 months.
2. Another bunch of liars the OECD, IMF, Worldbank cabal - Europe had no growth whatsoever the last quarter came in at 0,1 which is a joke and in real inflation terms deep in the sink as US GDP. I doubt there is any real growth around the world all hidden inflation or in case of China double counting. Europe remains in recession and rather is on its way to depression but currently the low Euro helps a bit out but will bring inflation on a higher gear.
OECD Lifts Growth Outlook as Emerging Nations Rebound
Euro Dip 'Welcome', No Euro Zone Recession: OECD
A return to recession is unlikely in the euro zone and a drop in the value of the euro should help offset the toll that debt-shrinking austerity measures takes on economic growth, the OECD's chief economist said.
Pier Carlo Padoan argued in an interview with Reuters that governments need to pursue fiscal consolidation, combine that with growth-increasing reforms of pension systems, labor and other markets, and show they are working in unison to convince skeptical financial markets that their strategy is credible.
The OECD authorized the release of this Reuters interview, originally programmed for 0845 GMT release on Wednesday, after French newspaper Le Figaro published comments from Padoan earlier on Wednesday, on condition that it not include OECD macroeconomic forecasts, also due for release at 0845 GMT.
Padoan told Reuters that even if austerity hit growth in the euro zone, it would be partly offset by Asian-led demand for euro zone exports, made more competitive by the drop in the euro's exchange rate, he said.