Hmmm! Can't possibly be related, can it? Nah!
Terry
China Ratings Agency Downgrades US Debt From Moody's, S&P's, and Fitch's AAA Rating
The US sovereign debt gets a stiff downgrade, cut down from number one in the world, to a distant thirteenth place. Governments like China do not take actions like this randomly, and their quasi-state organizations do not march to the beat of their own drummer. It will be interesting to watch this develop, and calculate the strategy, to figure out the next steps. (more...)