Mudcat Café message #3202767 The Mudcat Café TM
Thread #139579   Message #3202767
Posted By: GUEST,Peter K (Fionn)
06-Aug-11 - 01:49 PM
Thread Name: BS: Holy AA+ Batman
Subject: RE: BS: Holy AA+ Batman
What did anyone expect after Congress signalled to the world that honouring US debts was not a priority? S&P's had certainly given plenty of warning. It's just another step to the dollar losing reserve-currency status.
The lesson for the US is simple: if you don't want the Chinese dictating how you run your economy, try living within your means.