It's been a wild couple of days

[darksumomo]

First, a Chinese agency downgraded the U.S. credit rating.

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A Chinese ratings firm yesterday made financial history and downgraded the US' credit rating from A+ to A. Meanwhile, hot money flowing into hedge funds and gold saw gold prices yesterday shoot to a historic high of US$1,670 per ounce.
It looks like the Chinese think the deal was a Satan

Comments

[underlankers]

Of course few people are willing to mention the elephant in the room with the deal and the reason this default was the rational decision: it has to be renegotiated. On such Ausgleichen are the fates of Empires sealed. Fortunately for the world India's going to be the next great democracy with an official language of English, lol. ;P

[cieldumort]

snort