In July of 2001, Standard and Poor’s (S&P) cut the money rating of Argentina. S&P did which you can purchase to the U.S. rating 10 years later (2011). There was uproar all of the halls of Congress with this even though arguably, the smaller credit rating could came much quicker. To make matters worse, U.S. credit agencies granted pristine ratings to mortgage-backed securities inside heyday. Fitch, another credit agency, is warning of further action against the U.S. yr.
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Willard Foxton at The Telegraph says the Silk Road is on the verge of collapse just because. get this. it’s suffering from hyperdeflation. What a problem to get afflicted with.