Moody’s rating service lowered its outlook on the US credit rating to “negative” from “stable”. This is not a ratings downgrade; but rather a warning of things to come. This follows actual downgrades in the US credit ratings from Fitch and S&P Global Ratings. Yahoo Finance reports: “The key driver of the outlook change to negative is Moody’s assessment that […]
» Read moreRecently our friends at WHVP published an eye-opening article, The Swiss View: “It doesn’t really matter that much” discussing Fitch downgrading the US credit rating: “Fitch announced that they downgraded the credit rating from the U.S. from AAA to AA+. ….(citing) the suspended debt ceiling and the high debt-to-GDP ratio. …. While the announcement itself is already worrying, it is […]
» Read moreI was a 21-year-old father with #2 on the way. My car needed costly repairs; I needed a reliable vehicle to get to work. My mother suggested I apply for a loan at the local bank in town. Mrs. Z, a long-time family friend, was the head teller and smiled when I walked in. I explained the situation. She helped […]
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