Bill Gross’ Take on Portugal’s Downgrade and Escaping the Sovereign Debt Trap

Our Archive

Search completed

Ever wonder what the hell takes the rating agencies so long? Today, leading credit agency Fitch downgraded Portugal’s debt amid “growing concerns about the government’s ability to service it’s borrowings.” Well – duh – increased borrowings coupled with decreasing tax revenues should raise concerns. What amazes me is that the Euro traded down today on […]

Read More