09 Aug 2011 by filed in Financial Preparedness
So, S & P downgraded the U.S. credit rating, but what in the world does that mean to you? Well, unfortunately, the personal impact will come at you from several different directions, but you’ll be able to see them coming if you understand one fundamental component. If you recall, in my last article I mentioned financial instruments. A financial instrument is really just a hoity-toity word for an I.O.U.; and are assigned a value based on what asset is backing them. It could be gold, oil,...
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