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United States Dollar (USD) The United States of America[1] is a federal and constitutional republic[2] of fifty states, a capitol district, and fifteen territories. It is a prosperous and relatively conservative and Christian nation, based on the second longest-running Constitution in history ...
Over the past two years, net credit losses in our international portfolio have remained broadly stable as a percentage of loans while North America has continued to recover, driving the loss rate from Global Consumer Banking overall from 3.6% to 2.4% in the last two years. Dollar losses have...
This week we have Fertility rate: ‘Jaw-dropping’ global crash in children being born (James Gallagher, BBC): “China, currently the most populous nation in the world, is expected to peak at 1.4 billion in four years’ time before nearly halving to 732 million by 2100. India will take ...
As they fly between India and America, Gautam admits he still dislikes the exchange rate – it was under Rs. 4 to the US dollar when he arrived in America in the early 1970’s – it is now Rs. 83 plus! Yet he says, speaking for many immigrants like himself and Nita, “...
way, it is not the debt-to-GDP ratio that determines government solvency but the interest rate that investors demand. Bond yields can shoot up if expectations change about future government solvency, intensifying an already bad fiscal crisis by driving up the cost of interest payments on new ...
Government debt is now $34 Trillion, a number that we cannot afford. Debt service is now rising at a rate that it will soon overwhelm the budget, which is why the big fights in Congress. We are rapidly reaching the break point which will show up when the primary dealers find it too ...
There were two main reasons we came back to Buenos Aires. For one, we weren’t too fond of the official FX rate we’re getting which hasn’t moved at 5 peso for 1 dollar. That, and we miss that hot pot place…a lot! We checked-in to our hostel, showered and went out to our...
He left California in a financial mess. Reagan is elected President. After a recession in 1982, the economy picked up between 1983 to 1986. Spurred largely by the tax cuts and deficit financing... Economic growth, however, remained relatively modest, the rate of inflation did drop below 4...