16 January 2012

Remember When France Lost Its AAA Rating?


Bastille day military parade, french flag

Of course you remember when France lost its AAA rating by S&P, it was only last Friday.

Except it seems the market has already forgotten. Or doesn't care.

Interest rates are actually lower again, both at the long and short end of the curve.

Guess everyone was right when they said it was all priced in.


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