Chinese Whispers
China had its credit rating dropped by S&P in the last couple of days….the BBC barely mentioned it despite China being the driving force behind the world economy …however Moody’s has downgraded the UK’s rating and that was big news….’#duetobrexit’ of course. The irony is that Moody’s told the BBC that it had downgraded Britain’s rating because of a ‘looser fiscal framework’ being adopted….ie we are going to … Continue reading