Quote:
Originally Posted by Slava
Hilarious: S&P re-affirms Frances AAA rating. I suppose that pretty much nullifies any credibility they had on the downgrade for the US...
|
Total French debt - government, corporate and personal - is about 350% of GDP while total American debt - government, corporate and personal - is about 275% of GDP and actually falling.
In no way does it make any sense for France to have a AAA rating and America gets snuffed.
S&P is blowing themselves out of the water, particularly since their American rating change caused big money to run out and buy USA Treasuries in panic.
Cowperson