Greeces sovereign
debt was downgraded this morning by a credit rating agency indicating that it
is a country that could default on its debt obligations. Moodys sees a potential for a credit
downgrade of UK and U.S. debt, if their deficits are not cut. The nervousness over that and worries about
the country of Dubai liquidating some of its collateralized mortgage obligation
bonds, spooked the markets and caused money to move back into the dollar and
out of othe…
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