UH OH: Moody’s Fears Social Unrest As AAA States Implement Austerity Plans. “The US rating agency said the US, the UK, Germany, France, and Spain are walking a tightrope as they try to bring public finances under control without nipping recovery in the bud. It warned of ‘substantial execution risk’ in withdrawal of stimulus.” Bah. With the team of geniuses we’ve got running things, what could go wrong?
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