July 25, 2011

CHANGE: Dollar Falls To All-Time Low Against Swiss Franc, While Gold Hits Record High. “While investors expect a last-minute deal, there is concern that the US faces the loss of its triple A rating. Standard & Poor’s has warned that the US must make a serious effort at reducing its long-term deficits to retain that status.” That almost makes it sound like we’d be better off lowering the debt ceiling, and spending along with it . . . . .

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