I am initiating the Biblical Language Wall St Crisis Index (BLWSCI, 1-10 Scale):
From a WSJ Headline (rating- 5):
“Citi Weighs Options After Deal Torn Asunder”
“Citi Weighs Options After Deal Torn Asunder”
From Fitch on the US credit rating (rating-6.3):
“The lack of ‘original sin’ (sovereign borrowing in foreign currency) is another defining feature of ‘AAA’ ratings and in the case of the U.S., the dollar’s role as the dominant global reserve currency reinforces the benefits in terms of financing flexibility. “
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I love it Drake! I’ll keep my eye out