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To: expat_panama
http://www.france24.com/en/20131017-chinese-agency-downgrades-us-credit-rating

AFP - A Chinese ratings agency downgraded its US sovereign credit rating Thursday despite Washington's resolution of the debt ceiling deadlock, warning that fundamentals for a potential default remained "unchanged".

"The fundamental situation that the debt growth rate significantly outpaces that of fiscal income and gross domestic product remains unchanged,"

44 posted on 10/18/2013 3:33:10 AM PDT by Jumper
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To: Jumper
We've had down grades before and they were false alarms --imho this time is different but certainly not because of what China's state run press says.  The serious down grade is happening in the market place as T-bill interest rates have been soaring over the last few days--

Related video:


45 posted on 10/18/2013 4:45:46 AM PDT by expat_panama
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