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Why We Build Fiscal Cliffs

Harvard Business Review

Other countries sometimes have actual fiscal crises, when investors around the world (not to mention most locals) lose confidence in their government bonds and/or their currency. The interest rate on 10-year Treasuries is a mere 1.58%, the lowest in more than 50 years. credit rating but no observable increase in interest rates.

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Does Standard & Poor's Deserve a Downgrade?

Harvard Business Review

nation's credit rating has the same tone. still remains the largest economy within a single national border (the EU is about the same size but includes 27 States) with a GDP that is 200% larger than that of China. Most of the country believes our rating for effective policymaking is somewhere between a D and an F.