S&P Downgrades US Debt
 

Standard & Poors just downgraded US debt from AAA to AA

http://news.yahoo.com/p-downgrades-us-credit-rating-aaa-003628509.html

Not surprising.

Now who couldn't see that coming ?

Let me know when S&P is right about anything.

The rating agencies are about as relevant as last week's news paper.

Can we replay that clip of boehner gloating on CBS he got 98% of what they wanted, please?:D:D:D:D

No surprise, they did nothing to address the ballooning deficit. It's interesting that those same politicians lamenting the downgrading if the debt ceiling wasn't raised don't think it's a big deal now that they got their increase and the bond rating still dropped.

Got it. How soon before boener backpeddles on this one:D:D:D
http://www.cbsnews.com/stories/2011/08/01/eveningnews/main20086598.shtml

Gonna be an interesting Monday morning on Wall Street.:rolleyes:

Playing catch up by a couple of decades...

- Peter.

I can't say I blame them....

Who, in their right mind, would loan money to a credit applicant who takes in 200 pa'angas a month, spends 300 pa'angas a month, and thinks they're not spending enough ???

The Tanga unit of currency. Will I never stop learning? Now, for a pronunciation guide ...

well... we're screwed.

The bond market says otherwise. Not that anyone is bothered with that minor detail.

The talking heads and "media outlets" all want to scare us. I hate the news. There is never anything positive, ever.

I think this is the first time Japan and China ever showed alarm, due to the brinkmanship and general circus performance of our politicians in these negotiations. Customer not happy.