S&P downgrades debt rating of US for the first time.

"The Obama administration reacted with indignation, noting that the company had made a significant mathematical mistake in a document that it provided to the Treasury Department on Friday, overstating the federal debt by about $2 trillion."

Doesn't this sound like an errant school boy's plea after seeing the results of a test?
That "Ma'am, there must be some calculation mistake! I have done every question correctly!"

About time we focused on Emerging Markets.

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