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After you have reviewed the nations with triple-A ratings, the reality is much more sobering than it was even six months ago. The United States has been a large part of the ratings woes, but Europe shares in much of the blame. The post-austerity world is going to create new winners as well as some losers. The global business climate is challenging, at best.
China and India have been reaching out to Canada the last week or so to talk about future trade deals the economic future and joint R&D research and building projects... china has offred billions to pay to build new increase bitumen oil projects to increase production output and a massive pipeline from northren alberta to our new port on the pacific ocean.
They want to run and fill up supertankers there. It's weird since the US is Canada #1 trading partner but here come china with 15-20 billion doller projects that and create 8,000-10,000 new Canadian jobs and the upside is they don't not own or control the the pipeline and will still pay for the massive amounts of oil they want to purchase.
they also want to pay to build a massive update of our railroads to the port increase trade even more.
India wants to have Joint Canadian and indian efforts to help to build 3 new design CANDU ACR-1000 power plants in india and offred to show us their work on the R&D programme to make use of its Thorium supply to generate electricity. As a result, two types of Reactors using Thorium -- the Fast-Breeder Reactor & the Thorium Cycle based Nuclear Reactors are being developed in India since India is considered one the leading countries in the field of Nuclear energy involving Thorium. We kinda sre like shoot WTH to do here.
notice all these countries have interests in our oil reserves at some capacity which makes go HMM do we deal with them if the US economy stays slow. Beacuse I would rather help the US but it does not seem like you will be investing to R&D much in new technologies for a while. I mean we would share all our technology with the US so it is a hard choice to make
Triple AAA countries don't mean much other than being a "safe haven" for money... which in turn helps lower interest rates in those countries as a result of money coming in... on the flip side, its kind of bad since the government is BORROWING that money which means they are also overspending.. with a caveat that if they don't borrow as much (sell that many Treasury bills), the damage will be limited... so we are left to see how "smart" these governments will proceed... will they build a whole bunch of entitlement programs that don't return any money and keep borrowing? Or will they use the borrowed money wisely... The US falls in the former rather than the latter...
After you have reviewed the nations with triple-A ratings, the reality is much more sobering than it was even six months ago. The United States has been a large part of the ratings woes, but Europe shares in much of the blame. The post-austerity world is going to create new winners as well as some losers. The global business climate is challenging, at best.
The reason for the difference, might be depending on what credit rating company is being used. Not for sure thats the answer, but it could be. USA still has AAA credit rating with Moodys for example, it was just the S&P which downgraded the nation.
No, because those countries have historically done pretty well at managing their money. Greece and Spain are European and doing poorly, so the "whiteyville" idea doesn't work.
No, because those countries have historically done pretty well at managing their money. Greece and Spain are European and doing poorly, so the "whiteyville" idea doesn't work.
Just saying that I've seen few diverse European countries that are doing well, and basically none that still have a AAA credit rating.
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