In its latest reminder that China is a (for now) happy holder of some $1.2 trillion in US Treasurys, Chinese credit rating agency Dagong downgraded US sovereign ratings from A- to BBB+ overnight, citing "deficiencies in US political ecology" and tax cuts that "directly reduce the federal government's sources of debt repayment" weakening the base of the government's debt repayment.
Full story here:
Why not join our Facebook group? Global Financial Crisis - Part 2.
https://www.facebook.com/groups/125484891548045/
We are a small, yet growing group that share articles from all over the globe about the Global Financial Crisis that is heading our way (again!).
Congratulations @williamwells! You have received a personal award!
Click on the badge to view your own Board of Honor on SteemitBoard.
Congratulations @williamwells! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!