SAFE HAVENS....Via Felix Salmon,
here's some interesting news: Moody's has decided that not all AAA sovereign debt is created equal. Here's how things shake out:
- AAA-Worst: Ireland, Spain
- AAA-Middle: United States, UK
- AAA-Best: Germany, France, Canada, Scandinavia
I wonder what it would take for the United States to be downgraded into the Ireland/Spain category?