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Evening Standard
Evening Standard
Business
Simon English

Times are tough, but the doomsters’ predictions have been wrong so far

Recession Fitch United Kingdom United States

Two pieces of news to report this morning, which don’t bode too well.

Overnight, US credit rating giant Fitch downgraded the value of US debt, just a notch from AAA to AA+. This doesn’t mean the US has any chance of going bust — since it controls and prints the dollar, if it needs more of them, more shall appear.

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