Should U.S. Be Treated Like An Emerging Market?

 

After a partial government shutdown, a near-miss on a potential debt default and a Chinese ratings agency downgrade, why doesn't the U.S. get treated like an emerging market?  Pundits have compared the U.S. with developing nations for years, citing issues ranging from crumbling infrastructure to healthcare to education, but in the wake of the 16-day government shutdown and near-default on the national debt, the comparison has moved away from the fringes. Chinese rating agency Dagong cut its rating on U.S. debt to parity with Brazil, with a negative outlook. 

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