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 & Poor’s Puts ‘Negative’ Outlook on U.S. AAA Rating - Bloomberg: www.bloomberg.com/news/2011-04-18/standard-poor-s-....html
http://chum.ly/n/83dec2
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