U.S. Credit Rating Downgraded

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  1. paradigmsearch profile image60
    paradigmsearchposted 13 years ago

    Markets are starting their crash and burn.

    An interesting week lies ahead…

    replyreport
  2. Stacie L profile image88
    Stacie Lposted 13 years ago

    is there a source?

    replyreport
    1. paradigmsearch profile image60
      paradigmsearchposted 13 years agoin reply to this

      Yep, CNBC TV.

      replyreport
  3. Cagsil profile image70
    Cagsilposted 13 years ago

    Hey Stacie,

    http://www.cnbc.com/id/42643384

    S&P affirms US AAA Rating, but has changed it's outlook to negative.

    replyreport
  4. paradigmsearch profile image60
    paradigmsearchposted 13 years ago

    Silver lining…

    This is a major poke with a big stick at Congress as to deficit/debt reduction.

    replyreport
  5. Stacie L profile image88
    Stacie Lposted 13 years ago

    why do you always answer my posts, Cagsil?
    LOL

    replyreport
    1. Cagsil profile image70
      Cagsilposted 13 years agoin reply to this

      Because I can. wink lol

      replyreport
    2. paradigmsearch profile image60
      paradigmsearchposted 13 years agoin reply to this

      Because he likes cats. smile

      replyreport
  6. paradigmsearch profile image60
    paradigmsearchposted 13 years ago

    “'Reason for Concern': Stocks Tumble on U.S. Debt Outlook Cut"

    DOW appears stabilized at approx -200.

    http://finance.yahoo.com/

    replyreport
  7. paradigmsearch profile image60
    paradigmsearchposted 13 years ago

    "More U.S. Downgrades to Come, but Stocks to Stay Strong"

    http://finance.yahoo.com/blogs/breakout … amp;ccode=

    Go figure... Stay tuned!

    replyreport
  8. manlypoetryman profile image82
    manlypoetrymanposted 13 years ago

    Yikes...We are so screwed! (*mentally preparing myself*)

    replyreport
    1. paradigmsearch profile image60
      paradigmsearchposted 13 years agoin reply to this

      We are all doomed!

      replyreport
  9. ewd76 profile image60
    ewd76posted 13 years ago

    This is the first step towards the End of Days.  Actually it is't the first step, but it doesn't help. The U.S. is Babylon the Great. Get out while you still can.

    replyreport
  10. paradigmsearch profile image60
    paradigmsearchposted 13 years ago

    Day Two.

    No DOW crash and burn today. That is really too bad. It would have put more pressure on Congress to clean up their act.

    replyreport
  11. knolyourself profile image61
    knolyourselfposted 13 years ago

    "As Galbraith explains it, “US debt consists of bonds issued in US dollars, which I assume the S&P analysts know. How can the US possibly default on its own currency? The obligation is in nominal dollars, which is to say when the bond retires, the US issues a check in dollars to cover it.”...
    "So what’s going on here?
    There would seem to be only two possibilities: Either S&P has been pressured by powerful Republicans and/or Wall Street Bankers to issue this warning, in order to add to national hysteria about the national debt and win more drastic cuts in social programs, or S&P is simply blowing it again."

    replyreport
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