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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

SWFs must accept credit rating debate is about default risk

Posted on 30 July 2009

From Thenational.ae: If it has felt slightly windier than normal this week, it is very likely due to the enormous vacuum that was switched on in Washington, where Uncle Sam was attempting to suck up US$115 billion (Dh422.39bn) in new borrowing.

Now, $115bn is a lot of money, even in Washington. It works out to almost 47 billion gallons of petrol, enough to drive one of GM’s gas-guzzling Hummers from Capitol Hill to Beijing and back 57 million times (if Hummers could float)………Full Article: Source


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VRS - who has written 16802 posts on Opalesque Sovereign Wealth Funds Briefing.


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