Moody's Warns US on AAA-Rating, Peter Schiff Update on Sovereign Credit Risk, California
2/04/2010 06:42:00 PM
I wanted to hear what Peter Schiff had to say about today's events. He talks about the sovereign debt crisis in Greece, the US and it's derivative California. Also Moody's warned that the U.S AAA-credit rating was at risk of downgrade because of deficits and Congress today raised the Federal debt limit by $1.9 trillion to $14.3 trillion. A lot going on in public finance land.
US credit rating at risk, Moody's warns (Telegraph.co.uk)
Congress Approves $1.9 Trillion Debt-Limit Increase (BusinessWeek)
Taleb Says ‘Every Human’ Should Short U.S. Treasuries (Update2) (Bloomberg)