Ok, this looks like a self fulfilling prophesy coming true… I just wrote that the US dollar might be under pressure and now the Chairman of S&P; stating that the soverign rating of the USA is at risk? Listen to the interview at CNBC here
This sounds like an in-probable event but what the heck is going to happen if this becomes true? It looks like a global collapse of the magnitude that we did not know about… a Black Swan event!!! (now you should play the JAWS theme song!) I don´t know if that is going to happen or not, USA is still the most innovative country in the world with Apple, Google, Facebook and Microsoft… but what the heck do I know, maybe if GM and Ford fail all other industries might fall like dominos.
Ladies & Gentlemen fasten your seat belts its going to be a bumpy ride for the next couple of years.