1 - Moody's: Widening income inequality will weigh on US credit profile
Rising income and wealth inequality is a key social consideration that will affect the credit profile of the United States (Aaa stable) through multiple rating factors, including economic, institutional and fiscal strength, Moody's Investors Service says in a new report. While income inequality has generally increased across advanced economies since 2000, it is materially higher and wealth is significantly more concentrated ...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.