Wednesday, April 27, 2011

Credit Rating

credit rating, economy, economic crisis, recession, Standard and Poor, U.S. : Dry Bones cartoon.
Living outside of the United States you tend to think of a lot of prices in U.S. Dollars. It's a stable international measure of value.

Living outside of the United States has now become a really good way to watch the fall of the U.S. Dollar. On our daily TV news shows, we are shown just how many Israeli Sheqels one Dollar will buy today. A stable Dollar and an American economic recovery is what we need. But what we just got was the news that Uncle Sam's credit rating has been lowered!

Yikes!

Changing times.
2011.

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