The rating agency Fitch has downgraded the credit rating of the USA from the top grade "AAA" to "AA+". Among the reasons given by Fitch were the deterioration of the budgetary situation and the high level of public debt in the United States.
The downgrade of the U.S. ranking means that the U.S. will have to pay more interest on its bonds.

Currently, the per capita debt in the U.S. is more than $100,000. By comparison, in most European countries, per capita debt is less than 40,000 euros.
The debt of the USA is currently 32,810,278,470,000 US dollars.

Another problem : The Chinese real estate market has significantly lost value There are currently major problems with various Chinese real...

Stock market crash and corona pandemic. Relatively accurate to the centenary of the Spanish flu and Black Friday Relative to the centenary of the Spanish flu and Black Friday, we are once again confronted with a pandemic and a stock market crash. If we slip into the mystical, one could say that the maltreated planet strikes back ! Tens of billions have been pulverized into the stock market to boost the economy. The result: the money is gone and the wave of bankruptcies rolls in. Of course the state (resp. the taxpayer) will have to pay again. But this time the virus is to blame and not greedy bankers. The scientists, usually on horseback, are also facing a shambles. A tiny virus demonstrates the capacities. It's ringing out everywhere, the sequ...