To me the US credit rating downgrade from AAA to AA+ is just another cog in this year’s economic locomotive, quickly picking up speed as it heads downhill. Investing in shares (especially the right ones) is no easy task on a good day and the current economic problems in the US and Europe has made it even harder for investors.
US President Barack Obama has jumped from the fry pan into the fire and may well be toppled in the next election if another candidate can come up with a way in which he/she can solve the economic woes of the US.
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