New era of the Great Instability

The downgrade the U.S. caused panic in financial markets.
Somehow unnoticed was the same signal in Japan. The corresponding position of experts of international rating agency Moody's Investors Service will win in the weekly report Weekly Credit Outlook.
In the new era of instability of the Great - the old principle of counter-productive of rating as cause more volatility in the markets.
The basis of the Western economy - the rating agencies. Their behavior is plunging the world into a vicious circle of sales and impairments of assets - and this despite the enormous liquidity for investors! The money supply will result in the commodity market and cause hyper-inflation. Greater volatility in the global economy will last until you change the principle of the existence of rating agencies.

The charges leveled against Western rating agencies that their actions caused the global financial crisis are unfounded, says head of McGraw-Hill Companies, which owns the international rating agency Standard & Poor's, Harold McGraw III (Harold McGraw III), whose words led online edition of The Financial Times.
Nevertheless, the head of McGraw-Hill expressed confidence that the S & P has come out of this situation, an updated and larger, and the idea of ​​nationalization of the Chinese rating agency seems he was not too successful. "Agency to trust, it must be transparent and independent, open to clients - said McGraw.

John Connor comment:
An era of great instability, which I wrote since the beginning,  will be until the rating agencies change their operating principle.