Monday, April 18, 2011

My Way News - Stocks sink after S&P issues warning on US debt
My Way News reports: "U.S. government bonds are widely seen as the benchmark for the safest kind of debt. The highly unusual move by the ratings agency to lower its outlook for U.S. debt to 'negative' from 'stable' caught investors off guard."

Comment: Question - What is the one thing holding the global financial system together? Answer: The U.S. economy. The age of the dollar is ending, thanks in no small part of small minded politicians who can't quite grasp basic economics.

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