Tuesday, January 15, 2013
Fitch Warns on Us and Spain
Today, the Fitch rating agency warned of possible downgrades to two countries who look increasingly similar to one another -- the US and Spain. Neither country seems to have much hope of averting a fiscal collapse within a generation. The leadership of both countries have thus far refused to acknowledge their cataclysmic debt problems and seem to be intent on pursuing the path to modern Greece.