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.

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