US Credit

Sleeping Easy Despite Moody’s Downgrade Threat

Filed in BP, downgrade, economy, Gold, Lear, moodys, o, silver, US Credit by on January 14, 2011 0 Comments

Hmmn… There must have been change in the Matrix. We experienced a major deja vu this morning. It began when we read this headline from The Wall Street Journal: “S&P, Moody’s Warn on US Credit Rating.” “We have become increasingly clear,” the Journal quotes a Moody’s statement “about the fact that if there are not Sleeping Easy Despite Moody’s Downgrade Threat originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

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Moody’s (NYSE:MCO) Upgrades China’s Credit Citing Strong Economy

Moody’s (NYSE:MCO) upgraded China’s debt today from A1 to Aa3, saying the sound balance of payments and the strong economic performance of the company has found support and will continue on, generating a positive outlook for their credit. Moody’s senior vice president Tom Byrne noted, “The record of the past year demonstrates that China’s policy response to the 2008 crisis has been effective.

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