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!


Changing times.

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