The focus of the blog is on the economic and financial uncertainties that the world economies will face over the next five years along with demonstrating how investors can profit and survive during the upcoming manipulated economic chaos. Please keep-in-mind that I don't provide investment advice. I am simply posting what my investment views of the market happen to be. Your investment decisions are solely your own responsibility.
Friday, August 05, 2011
DOWNGRADED!!
The United States of America lost its top-notch AAA credit rating from S&P. We are now rated lower than bonds issued by countries such as UK, Germany, France and Canada. A very sad situation for us; however, it is totally of our making. Hopefully, this Administration and Congress will finally get its act together and do some "real cutting" to government spending.
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