[lbo-talk] Imperial Chickens Come Home to Roost

[Max Sawicky]

Market credit default swap rates put the U.S. in much better light than that
and would seem a more credible source, since they reflect actual willingness
to pay by serious people.

The Chinese move seems political to me, in re: the QE2 palaver.

On Tue, Nov 9, 2010 at 5:36 PM, <dredmond at efn.org> wrote:


> 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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