Serfing the Downgrade

NoisyRoom So, Friday night, in an obviously timed event, S&P downgrades the US credit rating from AAA to AA+ with a negative outlook despite the White House crying foul over some bogus math error. This is a move that should have been done long ago as the US' credit rating in all reality should actually be 'junk.' I don't believe Moody's and Fitch will follow suit. At least not yet - they are in bed with this … [Read more...]