AZKing
Member
- Joined
- Jan 7, 2011
- Messages
- 621
I don't know what's worse, the fact that the United States' credit rating is STILL far above investment grade or the fact that people still listen to what rating agencies have to say.
China's rating agency was much more extreme about it, which is far more frightening than Germany not liking our bonds.
I have a feeling that agencies are careful with ratings because we're still a military superpower... and someone lowering our rating could easily be portrayed to the American public like "financial terrorists".