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Wednesday, August 3, 2011

Dagong, an Independent China Credit Rating Agency Downgrades USA for 2nd Time

I just saw at CNN that the Chairman of Dagong, China's independent credit rating agency, announced the downgrading of USA.  Dagong downgraded USA in November.  He noted the US financials and the irresponsibility of the public sector in handling the debt limit debate as reasons for the downgrade.

Dagong is independent.  The downgrade could cost China investments at US billions of dollar.

With this downgrade, could other be problems lurking around the economy?  How would entrepreneurs look at this?What are the opportunities?

Every generation needs a revolution - an ENTREPRENEURIAL REVOLUTION.

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