Monday, December 12, 2011

France's AAA to be cut this week?

There has been speculation to that effect. Bring it on, this has been too long in the making. That France remains pegged at AAA is ridiculous to begin with and betrays the completely unrealistic realm in which these ratings agencies operate. These countries should all be in the C range, not anywhere near even a single-A!

Sell the rumor, buy the news.

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