Japan's Credit Rating Cut First Time in 9 Years

[traelin0]

Japan’s credit rating was cut for the first time in nine years by Standard & Poor’s as persistent deflation and political gridlock undermine efforts to reduce a 943 trillion yen ($11 trillion) debt burden.

globaleconomicanalysis.blogspot.com/2011/01/japans-credit-rating-cut-first-time-in.html

[traelin0]

jsmineset.com/2011/01/27/sp-downgrades-japans-sovereign-debt/

[fairlycrazy23]

Japan's Credit Rating Cut First Time in 9 Years; S&P Cites "Lack of Coherent Strategy to Address Debt".. could the US be next, what is our coherent (non coherent for that matter) strategy to address our debt?

[billisonboard]

I think the address is somewhere in China.

[fairlycrazy23]

I think Japan holds almost as much US debt as China.

[billisonboard]

Jan 27, 2011 18:16:35 GMT -5 fairlycrazy23 said:

I think Japan holds almost as much US debt as China.

I never let facts get in the way of attempting to make a joke.

[fairlycrazy23]

actually the joke was quite funny, but I wanted to write something about how the bankers have screwed over the entire world and just ended up with what I wrote.