Wednesday, August 24, 2011

Futures Lower as Japan Debt is Downgraded....

Stock Futures are lower this morning following Moody's downgrade of Japanese Debt rating overnight.  Dow Futures are 101 points lower.

Moody's cuts Japan rating, blames politics


Moody's Investors Service cut its rating on Japan's government debt by one notch to Aa3, blaming a build-up of debt since the 2009 global recession and revolving-door political leadership that has hampered effective economic strategies.


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