China’s Rating Agency Grades USA Only With AA

Posted: July 12, 2010 in Economic Views, World Events

So you thought the US had the rating agencies that matter.  Well China’s rating agency Dagong Global Rating Agency gives the USA a AA rating.  Considering we desperately need China to buy our debt this is huge news.  Since we don’t hear about these things in the mainstream media we must do our own homework.  How will this effect treasuries?  Well China will continue to buy fewer dollars and treasuries.  Like I have said in my opinion shorting the dollar and US Treasuries is looking better and better.

Article Here

China Daily Article

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