Here’s a short clip that has Bill Gross talking about the possibility of a U.S. debt downgrade in the near future. A debt downgrade would increase the cost the U.S. has to pay to borrow money. It would also have a negative impact on the value of the dollar which would lead to [...]
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The Greenback Effect
Warren Buffett wrote a great Op-Ed in the New York Times today. In the piece, Buffett argues that the current economic stimulus is necessary to get our economy running smoothly. However, Buffett also states that our current rate of spending is unsustainable and that once the economy begins to recover congress must stop the printing [...]