2009年10月27日火曜日

Budget deficit management

America's deficit is growing
condition to reduce its acumulated debt
1.economic growth.
2.disciplin from goverment
3.

Debt ratio to GDP will go up to more than 100%.
Rating of long term debt may be downgraded.
Other country whose ratio became more than 100% was downgraded.
Demand for USD is important. For now ther is mo alternative. EUR is too young

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