China Ratings Agency Downgrades US Debt From Moody's, S&P's, and Fitch's AAA Rating

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Mon, Jul 12, 2010 - 12:23pm
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China Ratings Agency Downgrades US Debt From Moody's, S&P's, and Fitch's AAA Rating

China Ratings Agency Downgrades US Debt From Moody's, S&P's, and Fitch's AAA Rating

From a thematic perspective, coming up, competitive devaluations, and a shift in the reserve currency regime that will resemble a seismic shift, most likely pivoting around the SDR composition discussions later this year. 

The US battered the euro and has been sitting on gold and silver ahead of the SDR discussions. And now China has slipped a shiv between the ribs of the almighty Dollar. This is just the overture, the prelude to the dance.

Mon, Jul 12, 2010 - 4:45pm
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Re: China Ratings Agency Downgrades US Debt From Moody's, ...

The more interesting things get, the more my stomach ties up in knots...

Tue, Jul 13, 2010 - 12:12pm
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Re: China Ratings Agency Downgrades US Debt From Moody's, ...

[ double post deleted ]

Tue, Jul 13, 2010 - 12:10pm
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Re: China Ratings Agency Downgrades US Debt From Moody's, ...

Full report

Before reading it I thought that I will not take this report too seriously if either:

a) China is in top

b) None of the Nordic countries are near the top.

Especially I expected to see Norway high up. I was not disappointed.

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