I asked you what you mean by sovereign risk, you couldn't answer but cited "Mineral resource rent tax and Voice" as examples. That shows you talk without really knowing what you talk about. I now see a clear image of Tarzan getting lost in town.
This is from Investopedia:
"
What Is Sovereign Risk?
Sovereign risk is the chance that a national government's treasury or central bank will default on their sovereign debt, or else implement foreign exchange rules or restrictions that will significantly reduce or negate the worth of its forex contracts."
(
https://www.investopedia.com/terms/s/sovereignrisk.asp)
And I asked you in terms of sovereign risk how is USA compared to Australia? You have no idea. So let me tell you now.
In terms of sovereign risk rating, Australia is one of only nine countries to be rated AAA by all three major credit rating agencies, while USA is rated AA+ by Fitch and Standard and Poor's and Moody last Friday downgraded its rating from Aaa with a stable outlook to negative outlook.
So in terms of sovereign risk, Australia is better than USA. That is not my opinion, but belong to the three top rating agencies I mentioned.
And you mentioned Trump! You declare: "My man is returning in 2024, and he will take the US market to unprecedented highs."
Okay. Let me ask you this then: if/when Trump becomes president in 2024, will he keep that tax incentive (IRA) to lithium producers or scrap it?
That question is also to
@Pistol007 who said the NewCo would benefit greatly from IRA.
Please think before you answer. No need to rush. You have a few days to do yourself a favour.
