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U.S. Credit Rating Downgraded

  1. paradigmsearch profile image86
    paradigmsearchposted 6 years ago

    Markets are starting their crash and burn.

    An interesting week lies ahead…

  2. Stacie L profile image88
    Stacie Lposted 6 years ago

    is there a source?

    1. paradigmsearch profile image86
      paradigmsearchposted 6 years ago in reply to this

      Yep, CNBC TV.

  3. Cagsil profile image60
    Cagsilposted 6 years ago

    Hey Stacie,

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

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

  4. paradigmsearch profile image86
    paradigmsearchposted 6 years ago

    Silver lining…

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

  5. Stacie L profile image88
    Stacie Lposted 6 years ago

    why do you always answer my posts, Cagsil?
    LOL

    1. Cagsil profile image60
      Cagsilposted 6 years ago in reply to this

      Because I can. wink lol

    2. paradigmsearch profile image86
      paradigmsearchposted 6 years ago in reply to this

      Because he likes cats. smile

  6. paradigmsearch profile image86
    paradigmsearchposted 6 years ago

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

    DOW appears stabilized at approx -200.

    http://finance.yahoo.com/

  7. paradigmsearch profile image86
    paradigmsearchposted 6 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!

  8. manlypoetryman profile image68
    manlypoetrymanposted 6 years ago

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

    1. paradigmsearch profile image86
      paradigmsearchposted 6 years ago in reply to this

      We are all doomed!

  9. ewd76 profile image54
    ewd76posted 6 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.

  10. paradigmsearch profile image86
    paradigmsearchposted 6 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.

  11. knolyourself profile image60
    knolyourselfposted 6 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."

 
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