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U.S., U.K. 'most stretched' by debt, Moody's says

Uncle Sam isn’t in danger of losing his top credit rating, but he’s not in the greatest shape, either.

So says Moody’s Investors Service in its quarterly assessment of triple-A-rated countries.

Paying the interest on their debt remains manageable for these countries, Moody’s says, so their governments aren’t in any immediate danger of a downgrade.

But among the AAA countries, the U.S. and the U.K. are “most stretched” by their debt obligations, Moody’s says.

The debt ratings are important because a downgrade raises a country’s borrowing costs. And virtually every big country faces a difficult challenge in removing bailout and stimulus money quickly enough to avoid inflation and slowly enough to keep the weak recovery going.

“This exposes governments to substantial execution risk in the implementation of their exit strategies, which could yet make their credit more vulnerable,” says Arnaud Mares, senior vice president in Moody’s sovereign risk group and the main author of the report.

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People that are more likely to find success in trading, or any endeavor, tend to be those who take the initiative. Without that belief in your own ability to take action to insure progress, i.e.: initiative, you will never transition from having a vision — hope –to implementation of a plan to achieve that vision – goal. Your belief and confidence need to get stronger with each step toward the goal. This is what will feed your thought process and attitude.

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Mera Bharat Mahan -37% population below Povery line

WHEN THE Indian Planning Commission finally accepted that the number of people living below the poverty line in India is 37.2 per cent of the total population then most of the people, who have always questioned the government claims of overall growth and development had the last laugh.

Finally the government itself has accepted its failure to bring about an all inclusive development in India. Though from time to time the government spends crores to show the middle-class Indians that it is doing the best for an all-inclusive growth but in reality still a lot needs to be accomplished to make India a true super power. A country can never rise to upper levels with a massive 37.2 per cent of its population living under the poverty line. One assumes that that is an official and conservative figure. The actual figure will cross 50 per cent quite easily.

From time to time, several schemes have been launched by the government for the development of the people living below the poverty line. But implementation has remained a big failure in case of all such schemes. Moreover, most of the BPL tagged Indians need to bribe various officials to prove that they are really poor. Such anomalies in the system will never bring good results for the country of India. That is for sure.

There are a;sp some allegations that it is pretty easy to get a BPL card in India just by bribing corrupt officials. Such a process deprives the original or genuinely poor Indians from getting their dues. So, the government must do something in order to identify the real persons, who fall in the below poverty line segment. Otherwise, no all-inclusive growth is possible without the correct measure of the real BPL community. Moreover, the various people’s groups must also take some initiatives to force the government to take action against the corrupt officials and make the system clean.

 
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