Standard & Poor's (S&P) is a United States-based financial services company that publishes financial research and analysis on stocks and bonds. In its latest rating, the Agency looked at the US Government Treasury bond and said that there is a1 in 3 chance that US will lose its triple A (AAA: the highest rating available) rating.
Max is joined by Karl Denninger of market-ticker.org to ask him about his thoughts about the issue
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