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Monday, August 8, 2011

Financial Markets are Lower after US Credit Rating Downgrade

Every generation needs a revolution - an ENTREPRENEURIAL REVOLUTION.

Are you, the entrepreneur worried about this US credit downgrade?

The downgrade from US rating agency came later than Dagong, the Chinese, credit rating agency. The US Congress and Pres. Obama's last ditch effort to approve the debt limit law, nor the the European Central Bank decision to buy the bonds of cash strapped government treasuries did not assure the US and Asian capital markets. The financial and capital markets are restive; US Dow Jones fell even as Pres. Obama announced that US is still triple AAA.

It could have been twin crisis one from Europe and one from US (isn't New Zealand in danger too?)

But we entrepreneurs focus on our micromarkets, our customers, our own opportunities. We worry about our own survival and cash flow first.

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