Epstein Secrets

, and the virtues of frugality and non-consumption. If an entrepreneur wants to evaluate the country risk before investing anywhere, he looks at the Moody’s or Standard & Poor’s ratings. According to these risk rating companies, Cuba appears on the most dangerous fringe. There is a very long history of ar

irtues of frugality and non-consumption. If an entrepreneur wants to evaluate the country risk before investing anywhere, he looks at the Moody’s or Standard & Poor’s ratings. According to these risk rating companies, Cuba appears on the most dangerous fringe. There is a very long history of arrests or simply nonco

quite right in downgrading the U.S. credit rating — in fact it should have done so far earlier. The agency had no choice and if the other agencies, Moody’s and Fitch, don’t do the same they won’t be doing their jobs, said Laffer, who gave his name to the Laffer Curve which demonstrates that the maximum a

hose things we produce better than they do in exchange for those things they produce better than we do.” In the interview the veteran economist said Standard & Poor’s was quite right in downgrading the U.S. credit rating — in fact it should have done so far earlier. The agency had no choice and if the other agenci

illover into EMD. Indeed, a recent stress test by Standard & Poor’s revealed that EM corporate borrowers— who must re

but has also helped municipal finances. Ratings trends have improved as a result of both stable revenue and spending discipline, with upgrades in the Moody’s universe seeing a notable uptick in last year’s third quarter (see Exhibit 84). Of course, underfunded long-term pension liabilities remain a source