Eurozone crisis deepens as France loses its AAA rating with one of the three big credit rating agencies. Does that mean the price of French fries are going to sky rocket? What about French wine? Or French grapes? What about those tourist souvenirs that are made in China? Will they go up in price? Click the link below to see what the experts are saying about the French credit downgrade.
Posts Tagged ‘credit’
Posted in "Dow Jones", "John Hively", Economics, Economics, recession, Politics, Recessions, the Rigged Game, Uncategorized, tagged credit, Deficit, downgrade, Super committee, United States on Jam11000000amSat, 19 Nov 2011 11:42:17 +000011 10, 2010 | Leave a Comment »
Economists are warning of dire consequences if US politicians fail to make progress this weekend in tense talks aimed at reducing America’s massive deficit ahead of a Wednesday deadline. Of course, the politicians won’t deal with the real issues that caused the deficit: two unfunded wars, tax cuts for the rich, and our current slow motion Great Depression. Our economic depression has been caused by government policies designed to redistribute income from working people to the rich. These policies include deregulation, free trade, tax cuts for the rich and under estimating inflation, among others.
For more on this issue, click the links below.