Quote:
Originally Posted by PBO
It's all relative isn't it. Though the booming Chinese middle class will be the hardest hit & that's hundreds of millions of people
Standard and Poor's for the first time revised the US credit rating downwards to a AA+...that's a bigger issue than it first might seem
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I'm hoping to hell its not. Doesn't make me feel good about it, but one glimmer of hope was Japan in 2000. They had their credit rating downgraded, but borrowing rates actually fell slightly.
Little solace to the self-inflicted gunshot wound. Jesus...
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