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.

http://www.youtube.com/watch?v=wpYbsVjDI0I
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.

Renomic

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