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Debt Collapse: The Decline and Fall of the United States of AmericaWilliam Edstrom
Fitch Ratings has downgraded the United States of America’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘AA+’ from ‘AAA’. …The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government d...
If a company has borrowed as much as the United States, it would have gone bankrupt. The fact that America still continues to borrow recklessly and hasn't gone bankrupt is a result of dollar hegemony.As the dominant global reserve currency, the U.S. dollar still accounts for nearly 60 per...
根据第一段中的Student loan (贷款)debt has become a worldwide problem.In America,the country's overall student debt reached a record of ＄1.6 trillion in 2019.The average person with student loan debt owed between ＄20,000 and ＄25,000.可知学生贷款债务已成为一个世界性问题。在美国,2019年...
Credit card debt in the United States has been growing at a fast pace between 2021 and 2024. In the third quarter of 2024, the overall amount of credit card debt reached its highest value throughout the timeline considered here. COVID-19 had a big impact on the indebtedness of Americans,...
The extensive punishment of debtors through foreclosure, and federal and state support for forbearance by lenders and loan servicers, are key features of the subprime mortgage crisis in the United States of America. From a Foucauldian perspective, foreclosure and forbearance give rise to questions abo...
paper by the IMF,"We find that the impact of an unanticipated increase in public debt on the real GDP level is generally negative and varies depending on other fundamental characteristics."It is most negative for countries that already have high national debt.That could mean the United States....
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