Credit Agencies and Jim Rogers
When Jim Rogers speaks and comments on the real market we listen. His input on the credit agencies were very intriguing and his insight on why “if” they are going to issue incompetent ratings that the markets were not going to reflect their opinions. Let’s think about this, the U.S., the largest debtor nation in the world, up until last year still had Triple-A credit ratings. There really is something wrong with that picture. There are talks about what will happen with Greece, Italy, Germany, etc., but what will really happen?
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