Tim Hedges's Blog
An expat's view: politics, economics and life in Italy, Britain and other places.
06 August, 2011
USAA+
Standard & Poor’s has downgraded America’s credit rating from AAA, for the first time ever.
No one can say this was completely unexpected but, like 9/11, it is a shock when it happens.
There will be worldwide implications, short- and long-term.
Interesting times.
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