22 August 2008

Economics Update

Well, it appears to be a slow news day, with the only major news being that it appears that the ratings agencies are trying to get their sh&% together, as yesterday Moody's started uprating government bonds, and today Moody's downgraded its ratings for Fannie and Freddie preferred stock.

As to commodities and currency, oil down, gasoline down, and dollar up.


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