Risk aversion dominates the scenes in Asian opening, with stocks futures strongly down across the board and gold, the ultimate safe haven, reaching another record high at $ 1691/oz by the time of writing. Over the weekend, Standard & Poor's rating agency has downgraded the US government debt to AA+, something with no precedents. The agency, stated that “the downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls…
ContinueAdded by Valeria B Bednarik on August 8, 2011 at 12:08am — 1 Comment
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