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American Credit Downgrade

By Sikander Hayat

It is amazing to see the mighty like USA getting downgraded by the standard and poors rating agency. Amazing in the sense that this is something which seems so impossible and outlandish. I was at work yesterday when I first checked on my mobile that markets all around the world are having a fit. From Asia to Europe, everyone rushed to sell, resulting in major losses for all major stock markets.
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Location: New York, NY, USA

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