It seems the credit rating agencies have too much to say these days. It's up to the fixed-income fund managers to decide on the creditworthiness of institutions or governments. A credit rating...
And I think sooner or later this scheme, the fight-thy-neighbour-with-the-press policy, will end. I don't think it should or has to, but rather more likely will end. And it will end probably...
I totally agree. In terms of positive economics this shouldn't be happening. Yet, in the modern world when any means of achieving your goals are acceptable, this doesn't seem like a...
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