A credit rating downgrade for the U.S. is still in the cards
Moody’s is the second credit rating company to say that the debt ceiling deal hasn’t removed concerns about the U.S. financial picture that could lead to a downgrade. Fitch Ratings said yesterday that it is keeping the U.S. credit rating under review.
Revising my investing strategy for the next 12 months to account for the stupid-politician factor
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There’s a 50% chance that it will lower the U.S. AAA credit rating by one or more grades within three months, Standard & Poor’s said on July 21.