Thursday, April 28, 2011

This Credit Rating Agency Has it Right

I've wondered for quite some time how the United States with a 12+ trillion dollar debt, has maintained a credit rating higher than China, a country with a huge mega surplus of cash. It makes no sense. We all know about the S&P threats to lower the US credit rating but one credit agency has gone ahead and rated it the way it should be.  China should be ranked higher than the US in credit. The US takes it's rightful place with countries like Brazil and Japan. By the time we wake up and realize we have a problem it will be far too late. I'm glad my portfolio is very protected against inflation.

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