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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.88-0.1%Dec 3 4:00 PM EST

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To: 2MAR$ who wrote (77236)8/3/2011 2:00:11 PM
From: elmatador1 Recommendation  Read Replies (1) of 218168
 
The finance minister, Guido Mantega, joked on Wednesday's decision by the Chinese agency Dagong Global rating downgrade of the notes of U.S. debt from A + to A. To the minister, the Chinese should be more careful before taking a stance like this. "They should be careful, because the major U.S. creditor is China and they are lowering the securities they own. It is not the case for lowering the United States, because from the point of view, (the country) will remain solid and fulfilling its obligations, "said Mantega.

Translated from Folha de São Paulo.
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