China Warns US Insolvency Would "Detonate Next Crisis"

zerohedge.com  ( Original )
JAN 16, 2018

ORIGINAL SOURCE: China Downgrades US Credit Rating From A- To BBB+, Warns US Insolvency Would "Detonate Next Crisis" by Tyler Durden of zerohedge.com on 1/16/18


According to China's giant global rating agency has decided to degrade the U.S. credit from US sovereign ratings from A- to BBB+ overnight. They also dropped this bombshell, “The virtual solvency of the federal government would be likely to become the detonator of the next financial crisis,” the Chinese rating firm said.

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