It’s going to continue to happen all across the globe…
Moody’s today downgraded Portugal’s government bond ratings by two notches to A1 from Aa2. The report among other things cited poor national finances and weak economic growth prospects.
Again, countries and companies CANNOT expect to continue to borrow money at these extraordinary levels – it’s just not sustainable and now we are facing the harsh reality. Continue to feed the debt pig and you just end up with slop.
Leave A Reply (1 Comment )
The comments are closed.