In a morning when the TBAC released what may be its most important presentation in the past decade (which is a must read for everyone), predicting a deluge of debt issuance...
... the US debt downgrade by Fitch which historically slashed the US AAA rating to AA+, becoming only the second rating agency in history to do so, has been mostly forgotten, despite sparking a sharp kneejerk selloff in equities in the immediate aftermath of the news.
