The US is in “a Veritable Death Spiral. Time is Running Out!”
A commentary published in the conservative Heritage Foundation on the 11th of August was titled “Default by Another Name: Why U.S. Debt Deserved a Downgrade.”
All posts tagged: credit rating
The International Monetary Fund’s Positive Statements and Confidence in the Creditworthiness of Jordan’s Fiscal and Monetary Policies… Misleading and Conspiring to Bankrupt the Country
The International Monetary Fund (IMF) said that Jordan’s prudent fiscal and monetary policies have maintained economic stability and a positive future outlook for external creditors and global rating agencies. This came in a press interview with “The Kingdom” conducted by the Resident Representative of the International Monetary Fund in Jordan, Kareem Ismail, on 12/4/2023.
The US Only has a Few Days before its Overspending Hits the Limit of its Borrowing Authority
Headline news of The Washington Post on 13 January 2023: “House Republicans prepare emergency plan for breaching debt limit.” Reportedly, “House Republicans are preparing a plan telling the Treasury Department what to do if Congress and the White House don’t agree to lift the nation’s debt limit later this year, underscoring the brinkmanship newly empowered […]
Q&A: The Turkish Lira Falls to its Lowest Level And its Implications on the Presidential Elections in 2023
Question: The Turkish lira plunged to its lowest level in a short period, losing more than 30% of its value in less than two months, and losing more than 45% of its value since the beginning of this year. The inflation doubled to about 21% and prices rose significantly. Note that it has been in […]
The Increasing of Credit Ratings by the Fitch Agency for Jordan is Misleading and Aims to Bankrupt the Country with Usurious Debts
On Tuesday evening, Fitch raised its expectations for Jordan’s credit rating to stable from negative, and stated, “The revision of the Outlook reflects Jordan’s progress on fiscal consolidation and the post-pandemic economic recovery.” Yesterday, the Jordanian Minister of Finance, Muhammad Al-Ississ, said in this regard: Fitch’s upgrading of the Kingdom’s credit rating outlook reflects the […]