Saturday, 6 August 2011

For entertainment - CNN news on S&P downgrade of US AAA

At last, the truth is there. S&P had downgraded US AAA rating to AA+. It was not surprising for the agency to do this. Here is a CNN news discussion on the downgrade.
There maybe possibility there will be another downgrade for US if their fiscal policies are not working well to cut down the huge deficits.

Moral of the story; Maintain your saving, spend wisely and smartly.


No comments:

Post a Comment