Andrew Scobell Quotes


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He was right. Before WWII Russia was not considered a very important country in the world, but having emerged from WWII, Russia was stronger than ever and counties like Germany and Italy were in ruins.


If Moody’s downgrades a nation’s bonds, that country will have to pay much more for the money it borrows or the bonds it issues at best. At worst, the country will not be able to borrow any money. Almost all governments have to borrow short term and long term money to cope with cash flow from tax cycles and for many large capital expenditures.


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