World Debt Downgrade Warning – Moody’s
◆ A World Debt Downgrade Warning (WDDW) has been issued by credit rating agency Moody’s due to deepening global geopolitical uncertainty and risks
◆ Moody’s has issued a debt downgrade warning to the entire world on fears that severe political turmoil from London to Hong Kong poses a threat to the global economy (see News below)
◆ Moody’s have a bleak outlook for government debt amid political instability in a report published just this Monday
◆ Moody’s said political and geopolitical turbulence is exacerbating a slowdown in national and global GDP growth, aggravating structural ‘bottlenecks’ centred on massive banking and sovereign debt and increasing the risk of economic or financial shocks
◆ Moody’s identified the emergence of influential “populist” movements and suggested this is undermining the effectiveness of domestic policy, weakening institutional strength and compounding social and governance risks
◆ “Overall, the global environment is becoming less predictable for the 142 sovereigns we rate, encompassing $63.2 trillion in debt outstanding,” according to the report
NEWS and COMMENTARY
Moody’s issues debt downgrade warning to the entire world
Moody’s offers bleak outlook for government debt amid political instability
Moody’s has negative outlook for sovereigns
Gold firms as doubts over U.S.-China trade deal curb risk appetite
China likely to ‘intervene’ in Hong Kong’s affairs more following the protests (BAML)Trump says China trade deal ‘close’ but dashes hopes for signing details
Global trade is likely contracting and we’re now ‘betting’ on a US-China deal, OECD chief says
China’s gold-backed crypto looming as ‘Pearl Harbor type event’ for US dollar in 2020 – Keiser Report
GOLD PRICES (LBMA – USD, GBP & EUR – AM/ PM Fix)
12-Nov-19 1455.00 1452.05, 1134.03, 1130.42 & 1319.69 1318.17
11-Nov-19 1465.50 1458.70, 1144.41 1132.39 & 1328.33 1321.87
08-Nov-19 1466.85 1464.15, 1144.58 1142.62 & 1328.09 1328.13
07-Nov-19 1484.10 1484.25, 1153.44 1156.82 & 1339.40 1341.76
06-Nov-19 1488.55 1486.05, 1155.26 1154.51 & 1342.23 1341.31
05-Nov-19 1504.60 1488.95, 1166.37 1156.17 & 1352.18 1344.67
04-Nov-19 1509.20 1509.45, 1168.57 1169.52 & 1352.39 1353.98
01-Nov-19 1509.85 1508.80, 1165.76 1164.49 & 1354.79 1351.28
31-Oct-19 1506.40 1510.95, 1163.09 1168.57 & 1348.53 1356.53