Thanks to benjaminjgarber.com for this story:
One of China's three largest rating companies, reduced its rating for U.S. debt from AA to A+ citing the country's "deteriorating debt repayment capability and drastic decline of the government's intention of debt repayment." The move by Dagong was spurred by the latest round of quantitative easing by the Fed.
This is the personal blog of Emory Redd.
This blog is not investment advice. This is not a solicitation to invest. Don't take candy from strangers.
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