I just heard this on the news.....has anybody else heard about it? Funny how they pick the weekend to announce this......I guess to prevent panick selling LOL. Shall be an interesting monday
looks like finally the interest rate on treasuries will have to rise.....that is.....unless Bernacke plans to buy a heck of alot more treasuries LOL
It is interesting that the announcement was made on a Friday after 4 pm. Luckily, I am completely devoid of USA stocks and treasuries. My concern is still with the dollar valuation. I can only buy so many cans of fruit. The Canadians should be securing the border soon to prevent the mass exodus.
Beevee said, not a chance. You need to get your mounted police and military at the border soon. Forget Alaska, they probably don't even use the USA dollar already. Focus on the USA/Canada border. Going to Canada is right after committing suicide on my list of things to do if the dollar collapses. I might have too many people to shoot locally.
Japan also has a double A rating....but at least they can borrow from their own people thus dictating what interest rate they will pay, but the US has to borrow abroad, that mean they are vulnerable to market forces and that means higher interest rates!
From their press release: So the Republicans held the debt ceiling hostage. This would've been a ROUTINE event but the t-party just HAD to dig their trenches. This will now cost us hundreds of BILLIONS over the next few years. Way to go *********s! (*)(*)(*)(*)ing retards!
and can you imagine if Bernacke starts buying even more treasuries to calm the markets? Gold and silver will benefit handsomely
It would certainly boost your portfolio. But hopefully we'll be taking austerity measures now that we've been downgraded.
the markets desperately need to purge from its excesses......that means several banks must fail and housing prices must fall....I doubt the fed will allow this and so this is why I am confident that things wont get better anytime soon!
[ame="http://www.youtube.com/watch?v=SgNLTb58K_Y"]‪S & P AA+ rating on U.S. Sovereign Debt not Low Enough‬‏ - YouTube[/ame]
The Tel Aviv market had to close due to plummeting stock prices, that's a good indicator for the Asian and Western markets.
Good question. We now have a government that would supply the ammunition by the truckload to prevent anarchy in Canada.
Personally, this is one of the most interesting market openings I can ever recall. I have no idea what is going to happen. Oh sure, I think the markets will initially fall..but what will happen after the initial sell off? Will they keep selling or will the markets stabilize? Will it be a blood bath or will it be a roller coaster that ends not too badly? I do not know...it should be a very interesting day.
Israeli Stock Index Tumbles Most Since 2008 'Israel’s benchmark stock index plunged the most in almost 11 years after Standard & Poor’s lowered the U.S. credit rating and amid concern the widening sovereign debt crisis in Europe will stall global growth.' http://www.bloomberg.com/news/2011-...e-november-2008-on-u-s-rating-cut-europe.html