While the farce that is Moody's and S&P confirm they were merely scaremongering with threats to downgrade US debt without major spending cuts, China's Dagong rating firm continues to function as well, a ratings firm.
Dagong has just announced a further downgrade of US debt from A+ to A.
Next stop CC when The Bernank announces QE3?
Showing posts with label China. Show all posts
Showing posts with label China. Show all posts
Wednesday, August 3, 2011
Thursday, June 23, 2011
5 Reports From Around The World That Will Have You Rushing To Your Local PM Dealer.
As you probably know already, the world is on a precious metal buying spree with no signs of slowing down. As you also probably know, the world is a sh*t-storm of uncertainty, and Bernanke isn't really the best confidence-man, as this recent CNBC poll shows:
Rest assured, the rest of the world feels the same way. After a couple hours of research I have found my mind made up, 2008's big brother is here, and he doesn't look too happy. I would speculate on this further but my PM dealer is getting impatient, he's already pissed I called him so late.
Enjoy the latest:
Rest assured, the rest of the world feels the same way. After a couple hours of research I have found my mind made up, 2008's big brother is here, and he doesn't look too happy. I would speculate on this further but my PM dealer is getting impatient, he's already pissed I called him so late.
Enjoy the latest:
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