The first downgrade introduced some extreme market volatility. Eventually, downgrades equal rising interest rates, which for us equal insolvency.
U.S. rating likely to be downgraded again: Merrill | Reuters: www.reuters.com/article/2011/10/23/us-usa-rating-m...11023
http://chumly.com/n/d473e5
Tuesday, October 25, 2011
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