onebyone
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Moody appears to apply a double standard when it comes to rating China’s creditworthiness.
China’s credit rating should be higher than those of other major developed economies. In addition to lower debt levels and higher annual growth rates, China’s financial profile is stronger: over US$21 trillion in deposits, US$3 trillion in foreign reserves, consumer debt/income ratio at 26% (over 100% in the West and Japan). Its BRI would energize economic growth in China and the over 100 participating countries.
http://www.atimes.com/moodys-china-credit-rating-inconsistent-not-flawed/
http://www.usdebtclock.org/
http://www.usdebtclock.org/cbo-omb-gop-budget-estimates.html
The U.S. hit its debt limit again. Now the Treasury Department is maneuvering to avoid a default until Congress acts
http://www.latimes.com/business/la-fi-debt-limit-trump-20170316-story.html
China’s credit rating should be higher than those of other major developed economies. In addition to lower debt levels and higher annual growth rates, China’s financial profile is stronger: over US$21 trillion in deposits, US$3 trillion in foreign reserves, consumer debt/income ratio at 26% (over 100% in the West and Japan). Its BRI would energize economic growth in China and the over 100 participating countries.
http://www.atimes.com/moodys-china-credit-rating-inconsistent-not-flawed/
http://www.usdebtclock.org/
http://www.usdebtclock.org/cbo-omb-gop-budget-estimates.html
The U.S. hit its debt limit again. Now the Treasury Department is maneuvering to avoid a default until Congress acts
http://www.latimes.com/business/la-fi-debt-limit-trump-20170316-story.html