S&P shrugs off the fear of being black-listed at all US intelligence services and to gain the ranks in status of public enemy by cutting the outlook for US credit rating to be negative. Reuters points to federal budget deficit ... The total debt of US still sits at mind-blowing heights, while the public money is being spent on bailing out reckless risk takers, feeding the commodity inflation and other God's works.
Click on chart to enlarge, courtesy of Bank Degroof.
Well, risk assets took a minor beating today. Was it in fear of more pragmatic government spending?