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01-19-2011, 11:17 PM #1
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Fitch Finds US Worst Of The AAA-Rated Best, Sees QE2 As Stok
Fitch Finds US Worst Of The AAA-Rated Best, Sees QE2 As Stoking Inflation Expectations
by Tyler Durden
01/19/2011 15:00 -0500
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Since by now it is all too clear that none of the rating agencies will dare to downgrade the US until well after its creditors realize they have all been taken for the proverbial ride, and even longer after the Fed owns a vast majority of US treasury bonds, which according to CNBC is great, but according to Weimar Germany is sucky to quite sucky, one is forced to pay attention to the fine print and carefully worded nuances in all public statements to see just how they really feel. Today provided just such an opportunity. According to Market News, "Fitch Ratings Wednesday said it believes “the U.S. fiscal metrics will be the worst of any ‘AAA’-rated sovereign,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
Congressman Eli Crane says Biden administration is stonewalling...
04-24-2024, 05:07 AM in illegal immigration News Stories & Reports