May 2025
On 16 May, Moody’s Reating become the last of 3 major credit raring agencies to lower its estimate of the U.S. government’s creditworthiness. Moody’s dropped its rates from Aaa to As1, citing years of failure by presidents & U.S. Congress to rein back the ballooning national debt
Eurozone business confidence sinks to 30-month low. Confidence among Europe’s business owners & executives has sunk to its lowest since Nov 2022, according to the Hamburg Commercial Bank’s new purchasing managers index (PMI)
Posts
May 30
U.S. banks are loaning more and more money to private credit lenders and private equity firms that can use the money for high-risk or speculative investments, leading regulators to worry about the growing tie between the two sectors.
Same good news for Europe. The Eurozone economy perks up in first quarter. The collective of the 20-nation Eurozone grew by 0.4 % in this year’s first 3 months. If the quarter-on-quarter pace sustains throughout the year, the areas GDP will grow by 1.4% the WSJ said.
