SandP Downgrades U.S. Debt Rating - Page 3
Page 3 of 733 FirstFirst 123
Results 21 to 29 of 329

Thread: SandP Downgrades U.S. Debt Rating

  1. #21
    94840
    Quote Originally Posted by ;
    US cannot maintain a worse state than Greece because they issue their own currency which also happens to be a world reserve currency.
    The USA is nothing like Greece and this downgrade need not have happened at all. It's also fixable if there's the political will.

  2. #22
    94849Its seemingly had some influence on the markets - http://www.telegraph.co.uk/finance/f...downgrade.html

    Personally I thought It'd mean nothing if anything else I thought USD would rise as Folks do not see treasuries in another way on Monday as they did on Friday (earlier downgrade). At the day's end Govt is still believed by most investors. Bonds are risk less and there might be interest come.

    Anyway it appears the Saudi's reacted negatively so It would not surprise me if additional global markets followed suit (though I don't believe the dow will drop 5.5percent but could be red).

  3. #23
    94849The Saudi market was closed on Friday and Thursday so maybe it was ching up?

    As for the impact it will have I am not sure, I believe the large investors who go the markets are much smarter than the politicians and media and those investors understand exactly how unreliable the rating agencies are. They were exactly the very same agencies that rated bonds tainted with junk AAA that is subprime.

    My personal opinion is the USA's problems are largely political and self inflicted.

  4. #24
    94849Oh please, even if you can not develop something much better than the weak flow medias manufactured position trying to blame the Tea Party just stop posting...

    that's as lame as it gets. . It is called Propaganda. . .if you do not recognize itwas popularized in areas like the former Soviet Union, China, N Korea, Cuba and is now fully embraced by the current U.S. adminiion.

    I suppose you also believe the T/P's are terrorist, wait let me go ask my grandma what terrorist cells she currently belongs to...

  5. #25
    94849
    Quote Originally Posted by ;
    The USA is like Greece and also this downgrade shouldn't have happened at all. It fixable also if there is the will.
    Wellthey didn't downgrade US into Greece's rating that's CC or CCC. And I support this decision. I see it as a game between rating agencies and home and I am on SP side this time.

  6. #26
    94849
    Quote Originally Posted by ;
    What's this fantastic work tea party?
    Well, since SP said so. Their inability to compromise relating to revenue and utilizing the hardline strategy to stall the debate. They have been basically playing chicken with the president to see who blinked first. They thought that he would cave and consent for their strategy if he wanted the US to avoid the default
    An excerpt in the SP answer:

    #8220;The majority of Republicans in Congress continue to resist any step that would increase revenues#8221;

    The Washington Post supported it in this article http://www.washingtonpost.com/busine...I_story_1.html.

    Whilst not the only reason after all we have a growing debt limit it was a contributory element.

    Aside from the above mentioned, since china is holding the majority of our debt, anybody see China coming as the new reserve currency? Appears to me that the longer we are hemorrhaging we will be supplanted by the need for stability in the world markets.

  7. #27
    94849
    Quote Originally Posted by ;
    I guess you also feel the T/P's are all terrorist, wait let me go ask my grandma what terrorist cells she currently belongs to...
    Terrorists? Not at all... Tell me, is your Tea Party Grandmother a wealthy girl?

  8. #28
    94849No doubt there will be a gap upon open.

  9. #29
    The difference up tonight should be brutal.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.