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Now China is the Hope of the World - China became the world's only hope to push towards the international economic recovery. Two major world economic powers, the United States and Europe actually collapsed by the pressure of global financial crisis caused by their own act.
"This makes China become the most dominant country as a power house (powerhouse) of the world economy. Ditumpukan hope the world live in China," said economist Dradjad Hari Wibowo in Jakarta, Sunday, August 7, 2011.
According to Dradjad, the actual U.S. debt rating fell only slightly. So technically its impact on the U.S. economy is not great, say the impact on lending rates in the domestic U.S. market, as mortgage rates (property loans) or credit card interest.
However, since this first happened, on the other side of the economic recovery program hostage to political games in the House of Representatives and Congress, psychological factors related decline in the rankings will have greater impact.
Global market participants do not believe that the U.S. will overcome its deficit and gradually solve the problem of debts.
"The psychological impact of this that makes the downgrades will be a greater effect on U.S. domestic interest rates, inflation, sectoral growth, and fiscal stability. Fears about those things have dropped expectations of the global economy, let alone there has been no breakthrough means to solve debt problems Europe, "he said.
"This makes China become the most dominant country as a power house (powerhouse) of the world economy. Ditumpukan hope the world live in China," said economist Dradjad Hari Wibowo in Jakarta, Sunday, August 7, 2011.
According to Dradjad, the actual U.S. debt rating fell only slightly. So technically its impact on the U.S. economy is not great, say the impact on lending rates in the domestic U.S. market, as mortgage rates (property loans) or credit card interest.
However, since this first happened, on the other side of the economic recovery program hostage to political games in the House of Representatives and Congress, psychological factors related decline in the rankings will have greater impact.
Global market participants do not believe that the U.S. will overcome its deficit and gradually solve the problem of debts.
"The psychological impact of this that makes the downgrades will be a greater effect on U.S. domestic interest rates, inflation, sectoral growth, and fiscal stability. Fears about those things have dropped expectations of the global economy, let alone there has been no breakthrough means to solve debt problems Europe, "he said.
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