Results 1 to 10 of 12
|
-
#1 S&P Threatens Another Rating Downgrade In As Little As Six Months…
- Join Date
- May 2008
- Location
- Locked in a Dungeon, being tortured and LOVING IT!
- Posts
- 8,163
02-09-2012, 12:50 AM
(Bloomberg) — The U.S., lacking a plan to contain $1 trillion deficits, faces the prospect of another rating cut in six to 24 months depending on the outcome of November elections, according to John Chambers of Standard & Poor’s.So by my understanding, if Obama is re-elected, they will cut our rating again. If Obama is defeated, depending on who we elect, they may cut it, and depending on if we get our shat together and correct this mess.
America has had an AA+ rating with a negative outlook since Aug. 5 when the New York-based unit of McGraw-Hill Cos. stripped the nation of its AAA ranking for the first time, citing the government’s failure to agree on a path to reduce deficits. The U.S. has a one-in-three chance of another downgrade, Chamber said today during an S&P sponsored Webcast.
“What the U.S. needs is not so much a short-term fiscal tightening, but it has to have a credible medium-term fiscal plan,” said Chambers, managing director of sovereign ratings. “That is going to have to say something about entitlements, and that is probably going to have to say something about revenues.”
Bond investors ignored the downgrade, driving Treasury yields to the lowest levels in history, amid concern the U.S. economy was stalling and as Europe’s debt crisis intensified. Treasuries have returned 3.9 percent since the rating cut and gained 9.8 percent last year, the debt’s best performance since 2008, according to Bank of America Merrill Lynch index data.
“I don’t think anything is going to happen between now and the election in November,” Chambers said.
Keep reading…
Klaatu barada nikto
-
- Join Date
- Mar 2010
- Posts
- 10,192
-
02-09-2012, 01:40 AM
Woe to those who call evil good, and good evil;
Who substitute darkness for light and light for darkness;
Who substitute bitter for sweet and sweet for bitter!
21 Woe to those who are wise in their own eyes
And clever in their own sight! Isaiah 5:20-21 NASB
-
- Join Date
- Jun 2005
- Location
- Woodland Park, Colorado, United States
- Posts
- 8,568
02-09-2012, 12:25 PM
Education without values, as useful as it is, seems rather to make man a more clever devil.
C. S. Lewis
Do not ever say that the desire to "do good" by force is a good motive. Neither power-lust nor stupidity are good motives. (Are you listening Barry)?:mad:
Ayn Rand
-
02-09-2012, 12:36 PM
The last time they did that, our borrowing costs went down.
I don't think anyone is listening to them anymore. Maybe it was their habit of taking cash for ratings or giving their AAA stamp to toxic, mortgage junk.
-
- Join Date
- Jun 2005
- Location
- Woodland Park, Colorado, United States
- Posts
- 8,568
02-09-2012, 12:39 PM
Education without values, as useful as it is, seems rather to make man a more clever devil.
C. S. Lewis
Do not ever say that the desire to "do good" by force is a good motive. Neither power-lust nor stupidity are good motives. (Are you listening Barry)?:mad:
Ayn Rand
-
- Join Date
- Mar 2010
- Posts
- 10,192
02-09-2012, 12:47 PM
While you were hanging yourself , on someone else's words
Dying to believe in what you heard
I was staring straight into the shining sun
-
- Join Date
- Jun 2005
- Location
- Woodland Park, Colorado, United States
- Posts
- 8,568
02-09-2012, 12:55 PM
Yeah, you're probably right. There is no possible link between our administration's out of control spending habits, the printing of massive amounts of stylish yet soon to be worthless paper currency, and the potential SECOND down grade of our credit rating.
Nope, what was I thinking? Must be all that hatred from S&P.Education without values, as useful as it is, seems rather to make man a more clever devil.
C. S. Lewis
Do not ever say that the desire to "do good" by force is a good motive. Neither power-lust nor stupidity are good motives. (Are you listening Barry)?:mad:
Ayn Rand
-
02-10-2012, 10:35 AM
--Odysseus
Sic Hacer Pace, Para Bellum.
Before you can do things for people, you must be the kind of man who can get things done. But to get things done, you must love the doing, not the people!
-
- Join Date
- Jun 2005
- Location
- Woodland Park, Colorado, United States
- Posts
- 8,568
02-10-2012, 11:03 AM
He'll get it too. The evil cabal consisting of the DimoRat party, the liberal media, and all the financiers and handlers of the evil left will ensure that he has plenty of money to maintain power. The usual liberal sheeple aren't the target, they'll vote for their god as dutiful little disciples. The target is those sitting the fence who are ignorant of the history of the US and ignorant of current events.
Education without values, as useful as it is, seems rather to make man a more clever devil.
C. S. Lewis
Do not ever say that the desire to "do good" by force is a good motive. Neither power-lust nor stupidity are good motives. (Are you listening Barry)?:mad:
Ayn Rand
« Previous Thread | Next Thread » |
Baltimore mayor signs bill banning...
Today, 08:16 PM in Best/Worst of DU/Discussionist