I don’t think any time soon, no. However, reading news around the world, come to my attention earlier today Fitch ratings for Japan and the U.K. Searching the net, i found out that “Fitch Ratings is a global rating agency committed to providing the world’s credit markets with independent and prospective credit opinions, research, and data. With 50 offices worldwide, Fitch Ratings’ global expertise, built on a foundation of local market experience, spans across capital markets in over 150 countries. Fitch Ratings is widely recognized by investors, issuers, and bankers for its credible, transparent, and timely coverage.”
Fitch Ratings warned Japan on Tuesday to keep to its borrowing target or risk a credit rating downgrade as the finance minister acknowledged the problem and tried to reassure rattled investors by saying spending had to be cut. Japanese sovereign credit default swaps spreads have nearly doubled in the past week as investors fretted that the government faces a funding crunch over its ballooning public debt, which the IMF says will spiral to 227% of GDP next year.
Fitch Ratings also said that the U.K.’s sovereign credit rating is most at risk among top-rated nations, saying that Britain needs “the largest budget adjustment” among countries rated AAA. And after today’s Trade Balance data, seems Pound at 1.70 is not what we can expect.
However, we know this news take a long time to be actually reflected in price behavior. Dollar remains week, and likely to keep falling across the board. But don’t talk to me about optimism and recovery for the 2010. I’m sensing we are about to get into an even harder year for the world economic recovery; and reality will slap more faces than we can imagine.
Follow the markets with 
