Credit Rating Agency Warns on US Debt
The credit rating agencies, notoriously slow at recognizing danger and not wanting to lose business with the organizations they rate, seldom warn before it is obvious to all that a problem exists. Still this is a strategic development as this multi-year debt crisis works its way up toward U.S. debt. I think things get crazy when US rates hit 5%.
Standard & Poors Puts ‘Negative Outlook on U.S. AAA Rating – Bloomberg: www.bloomberg.com/news/2011-04-18/standard-poor-s-….html