Monthly Archives: May 2009

Standard & Poor’s sovereign rating of the U.S. will most probably go down a notch in the coming months. The U.K.’s outlook has already been downgraded because it has borrowed against 100% of its GDP. The U.S. borrowing is currently … Continue reading →

Last May 4th, during an interview in CNBC’s Squawk Box, Mr. Buffett stated that “A country that continuously expands its debt as a percentage of GDP and raises much of the money abroad to finance that, it’s going to inflate … Continue reading →