Ali’s blog

Mostly quant stuff with occasional digressions

USA RIP

Posted by alifinmath on January 11, 2008

An FT piece on the threat to USA’s triple-A rating:

The US is at risk of losing its top-notch triple-A credit rating within a decade unless it takes radical action to curb soaring healthcare and social security spending, Moody’s, the credit rating agency, said on Thursday.

The warning over the future of the triple-A rating – granted to US government debt since it was first assessed in 1917 – reflects growing concerns over the country’s ability to retain its financial and economic supremacy.

The party’s over for the USA. The only question is how things will play out globally with the tectonic shifts that shall take place as US economic and financial hegemony vanishes in smoke. I confess my crystal ball fails me here.

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