S&P Cuts US Credit Rating to AA+

[klein]

Sometimes claims are made about various nationstates here and in some cases they are right and in some cases they are wrong. Now you can factcheck each other or factcheck yourself before you even post it!

I fact checked my info on wiki to get 2010 accurate numbers.... Nationmaster is usually behind a few more years, but I must admit, didn't check it this time if they have 2010 data up, yet.

 

[Babagounj]

 

[klein]

Stock market gains from yesterday seems to be all but wiped out, again

 

[moreluck]

 

[Lue C Fur]

Now that is funny!!!!

 

[moreluck]

 

[Catatonic]

Within a week or maybe by a month, the effect will be better known.

Within a week the stock market corrected ad hopefully settled into an adjusted level.
This week had worse fluctuations than I expected but the end result was not as bad as I thought.
I controlled myself and did not look at my portfolio all week.

 

[bbsam]

I looked at my portfolio, shrugged my shoulders and figured a) I've still got at least 25 years for it to correct itself and b) life tends to grade on a relative curve and if the past is any prediction of the future, I'll be OK.

 

[klein]

Main factor now is concentrating on not going down another level regarding the credit rating. Seems that's more possible then going back to AAA !

 

[Babagounj]

avg time to regain AAA status has been reported as 9-18 yrs.

 

[klein]

yup, and only 24 months at it's most to get fiscal financially responsible, again, otherwise it degrades further down.
Adding an estimated 7 more trillion, (after these upcomming cuts), to the debt in 10 years, that will probably be a further downgrade !

 

[Babagounj]

 

[moreluck]

Main factor now is concentrating on not going down another level regarding the credit rating. Seems that's more possible then going back to AAA !

from the G.&D. man.....Gloom & Doom

 

[cachsux]

from the G.&D. man.....Gloom & Doom

He`s just fishing for bigger discounts for when he heads back to Florida.

 

[Catatonic]

yup, and only 24 months at it's most to get fiscal financially responsible, again, otherwise it degrades further down.
Adding an estimated 7 more trillion, (after these upcomming cuts), to the debt in 10 years, that will probably be a further downgrade !

The 2012 national election will help to clarify the next move by S&P.

Regardless of which side one is on, a clear, focused direction will provide clarity and certainty to the market. Right now you have one side that hates and despises business and the other side that believes that private business is the only way to grow the economy.
A clear direction matters more than an S&P downgrade/upgrade.

 

[moreluck]

From AAA to AA+..................is that like double secret probation ???????

 

[moreluck]

He's stuck in low gear..........

http://townhall.com/columnists/dona...es,_obama_still_stuck_in_slow_gear/page/full/

 

[moreluck]

Fitch affirms AAA rating.........

http://www.foxbusiness.com/industries/2011/08/16/fitch-affirms-uss-aaa-rating/

 

[moreluck]

The DOJ says the S&P has been under investigation for a long time......yeah, right!!

 

[Lue C Fur]

The DOJ says the S&P has been under investigation for a long time......yeah, right!!

Remember...if you say anything that would make the Messiah look bad then they will have to go after you. Maybe that is why the MSM is Obamas lapdogs...