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