More volatility as world economy diverges | FT Markets
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James McCormack, head of global sovereign ratings at Fitch, says recent turmoil has not changed his view on the US lifting rates. He talks to the FT's Josh Noble about the prospect of a September rise, events in China and the impact of both globally. ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes FT Markets The latest global markets overview http://www.ft.com/markets Click here for more FT Markets videos http://video.ft.com/Ft-Markets
Comments
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When I borrow money (credit card) I pay an interest rate of 29.999%.
When a gang member (Government/Bankster) borrows he pays 00.025%
Raising the gang rate from 00.025 % to 00.050 % is NOT "normalizing" rates.
Can that guy from Fitch look me in the eye and swear that the USA will pay back the $17,000,000,000,000.oo it owes in "bonds" as well as the SS money it takes from folks and says it "invests" but actually spends? Or is his company going to give a 'default' rating to the Government of the USA?
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