We experienced just such a moment this week when on Tuesday, Fitch Ratings, Incorporated announced that they were lowering the United States rating to just "AA+" from "AAA."

The Emperor Has No Clothes, As Told By Fitch

Our mission is to provide you with a unique insight into the trends and events that move our financial markets. 
We’re sometimes controversial, sometimes not. But there are no products to be sold here, nor commissions to be made. 
Our only hope is that we may provide you with a new perspective on our Global Financial World.

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Our mission is to provide you with a unique insight into the trends and events that move our financial markets. We’re sometimes controversial, sometimes not. But there are no products to be sold here, nor commissions to be made. Our only hope is that we may provide you with a new perspective on our Global Financial World.

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The Emperor Has No Clothes, As Told By Fitch

The Emperor Has No Clothes, As Told By Fitch