Market Review and Trends
Tiredness Sets In and US Dancing with Debt
By Financial Freedom  •  August 3, 2011
Phew... it has been a busy week. I have been doing some of my own research on REITs in Singapore but was too frightened to enter into the market during the recent weeks due the US "debt crisis". On hindsight, I guess we should have all figured that the Republicans and Democrats would have struck a deal in the end. But hindsight is always 20/20 and I guess at that point in time, no one could really tell.
Regardless of the "good" news that the debt default is no longer a worry, the next concern will be the potential downgrade of US credit rating by the various rating agencies from AAA to something probably lower.
Somehow deep inside me, I know that the US debt crisis is actually a time bomb waiting to occur. There must be seriously a lot of wastage in terms of public spending when a government ...
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By Financial Freedom
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