Debt Crisis: Greece, Portugal, Spain . . . ?
WSJ.com Alert: S&P downgrades Spain to ‘AA’ with a negative outlook, saying the country is likely to have an extended period of subdued economic growth. Markets react: DJIA plummets from +23 to –22 in seconds after S&P drops Spain’s debt rating. And the sovereign debt nightmare is only beginning. The UK is next. But the USA borrows more money faster than anyone, and Socio-History blog ain’t happy: As I pointed out yesterday, US debt threatens