I have my eyes glues to charts and have missed some news that shouldn't be missed. The rating agency Egan Jones, which seems to be the only one ahead of the curve, downgraded France today from AA- to A Negative Watch citing debt vs GDP rising by nearly 20% by 2013.
It was bound to happen, lets see if the other rating agencies take the clue.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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