Friday, August 05, 2011


No sooner do I finish my last post on the economy than news just came in that Standard & Poors has downgraded the USA credit rating to AA+ rating from AAA.

Well, what is there to say?! This is a night of humiliation for the Obama White House.

Get ready for what looks likely to be a miserable Monday on Wall Street. I guess the recession is on. Again.

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