Rating downgrade for US

In 1997, when the Asia had a financial crisis, the G7 and IMF came up with a regulations, and conditions to resolve the situation.

Now that the developed economies have a crisis, who is going to resolve this matter.

Today some of the best monitored and regulated Countries are in Asia. This is indeed a Proud moment.

The truth however is that whatever mess US or Europe is in, We still are linked to their problems as they an important link for the growth. We are dependent on them for technology and also consumption.

So the bottomline is it doesn't matter if US is AAA rating or AA+. we still need them for our growth.