Safe Havens


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?