[lbo-talk] Imperial Chickens Come Home to Roost

dredmond at efn.org dredmond at efn.org
Tue Nov 9 14:36:10 PST 2010


China's Dagong Credit lowers US rating from AA down to A+, just one step above Russia and two steps above Brazil, but below Central Europe:

http://www.dagongcredit.com/dagongweb/english/pr/show.php?id=81&table=web_e_zxzx

And no, it's not some anti-US hack job. The analysis is thorough and fair, and points out that the US is suffering from deindustrialization, kleptocracy, imperial overstretch, and the blowout of history's biggest debt bubble, and is making things worse by not investing in green jobs.

-- DRR



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