Monday, 8 August 2011

US Credit Rating

So the US got its credit rating downgraded, I guess they should have listened to Peter Schiff. Most of Europe has been on an austerity drive for years now and I guess its America's turn, I'm sure the Reps and Dems will handle cuts and tax rises in a mature manner.

If your interested in economic matter you should read Robert Preston and Stephanie Flander's blogs at the BBC. They but a max length on comments which is a shame as I found that to be the best part, but still a good read.

http://www.bbc.co.uk/news/correspondents/robertpeston/
http://www.bbc.co.uk/news/correspondents/stephanieflanders/

14 comments:

  1. The world will soon be dominated by Apple. D:

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  2. My 2 Pesos: Unlikely, there are bigger companies =x.

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  3. AAA to AA+ is a pretty big shame, it is weird how gold hit $1700 though right at the same time. Shows where peoples trust lies. Defiantly not in the US economy!

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  5. I don't think its that big of a deal.
    +followed

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  6. markets are really giving me a headache right about now...

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  7. I think worse has happened and it will be fine

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  9. I hate to be all like "tax the rich" but honestly..tax the rich....

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  10. We have these huge elaborate systems that just end up getting messed up..

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  11. US has debts anyways so just sell the government to Google.

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  12. We'll be fine, the world has gone through worse.

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  13. Am i the only one that didnt even know that country's had credit ratings before this was all over the news? :P

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