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Summary The rating agencies have declared the US economy unstable for the first time in 70 years.
According to a world fame rating agency, Standard and Poors, the future of the American economy seems to be unstable.Earlier, this kind of situation was observed after the Pearl Harbour incident.The pressure on US financial markets is increasing due to the ongoing debt crisis in European countries.The US dollar is devaluing while the ratio on Treasury bills is also increasing.According to the American authorities, the US economy will stabilise after the budget approval and cuts.
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