S&P downgrades US from "stable" to "negative," still AAA

by **Sixstrings** » Mon 18 Apr 2011, 09:41:40

$this->bbcode_second_pass_quote('', '&')quot;Because the U.S. has, relative to its 'AAA' peers, what we consider to be very large budget deficits and rising government indebtedness and the path to addressing these is not clear to us, we have revised our outlook on the long-term rating to negative from stable," the agency said in a statement.

The S&P said the move signals there's at least a one-in-three likelihood that it could lower its long-term rating on the United States within two years.
http://www.cnbc.com/id/42643384

by **Fishman** » Mon 18 Apr 2011, 11:03:16

Better get started soon, your dollar will be worth MUCH less at that time. Pretty strong slap at the president indirectly

by **Plantagenet** » Mon 18 Apr 2011, 11:30:53

S&P is finally responding to the giant increase in the deficit engineered by Obama and the dems starting in 2009, and their resistance to any substantive cuts in Obama's future spending plans.

by **vision-master** » Mon 18 Apr 2011, 11:52:14

S&P is finally responding to the giant increase in the deficit engineered by Obama and the dems starting in 2009 TPTB (IMF/ Fed Reserve).

by **Pops** » Mon 18 Apr 2011, 12:34:34

Aren't these the same people who a few years ago gave "Mortgage Backed Securities" a AAA rating when even the basic paperwork wasn't legit and anyone who knew anyone who'd bought a home in a decade knew Everyone was scamming the system?

And now it's threatening to downgrade the US government?

"Ratings" are lipstick used to sell pigs to yokels.

The whole "system" amazes me each and every day it doesn't collapse in a worldwide explosion of laughter.

by **Lore** » Mon 18 Apr 2011, 12:39:58

No real suprise here, other then why it didn't happen sooner.

by **Sixstrings** » Mon 18 Apr 2011, 12:53:34

I hate to drag Obama into this.. but.. the President says don't worry, credit ratings are all political, everything's fine:

$this->bbcode_second_pass_quote('', '[')b]Obama Plays Down S&P Outlook Change

The Obama administration moved swiftly Monday to downplay ratings agency Standard & Poor's downgrade of its U.S. credit outlook, calling the decision a political judgment that should not be taken too seriously.

The timing of S&P's announcement was unwelcome for the White House, coming just as President Obama tried to regain the initiative on the deficit debate in Washington.
http://www.cnbc.com/id/42645647

by **Lore** » Mon 18 Apr 2011, 13:01:21

$this->bbcode_second_pass_quote('Sixstrings', 'I') My understanding is that credit rating matters because a lot of institutional investors can only invest in AAA stuff.

by **Puchica** » Mon 18 Apr 2011, 14:31:01

And the news keeps coming at a relentless pace, doesn't it? You don't get a chance to digest one thing before the next hits. And now gold poised to cross the 1500 mark. Wonder what's next

by **Rod_Cloutier** » Mon 18 Apr 2011, 14:38:03

The S&P, Moody's, Fitch- They're all in league with the corrupt super rich elites. Why in this day and age does anyone care what they have to say? They should all be in jail for rigging trillions of dollars in mortgage fraud over the past 10 years.

They are financial terrorists who are ruining the world's economy, even faster than it could collapse on its own. There all nuts.

by **Lore** » Mon 18 Apr 2011, 14:38:46

$this->bbcode_second_pass_quote('Puchica', 'A')nd the news keeps coming at a relentless pace, doesn't it? You don't get a chance to digest one thing before the next hits. And now gold poised to cross the 1500 mark. Wonder what's next

by **EnergyUnlimited** » Mon 18 Apr 2011, 14:40:32

$this->bbcode_second_pass_quote('Puchica', 'A')nd the news keeps coming at a relentless pace, doesn't it? You don't get a chance to digest one thing before the next hits. And now gold poised to cross the 1500 mark. Wonder what's next

by **Keith_McClary** » Mon 18 Apr 2011, 16:13:32

S&P: Credit Ratings Definitions & FAQs
$this->bbcode_second_pass_quote('', 'N')ote: Ratings from ‘AA’ to ‘CCC’ may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.

by **smiley** » Mon 18 Apr 2011, 16:40:29

I nominate this for quote of the day:

$this->bbcode_second_pass_quote('', 'K')evin Giddis, managing director of fixed income at Morgan Keegan, wrote in a note to investors.

"The U.S. will continue to do what it takes to make sure there is enough money, enough debt, and enough liquidity to ensure economic growth, while over time, reducing the deficit," he added

S&P downgrades US from "stable" to "negative," still AAA

S&P downgrades US from "stable" to "negative," still AAA

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Re: S&P downgrades US from "stable" to "negative," still AAA

Re: S&P downgrades US from "stable" to "negative," still AAA

Re: S&P downgrades US from "stable" to "negative," still AAA

Re: S&P downgrades US from "stable" to "negative," still AAA

Re: S&P downgrades US from "stable" to "negative," still AAA

Re: S&P downgrades US from "stable" to "negative," still AAA

Re: S&P downgrades US from "stable" to "negative," still AAA

Re: S&P downgrades US from "stable" to "negative," still AAA

Re: S&P downgrades US from "stable" to "negative," still AAA

Re: S&P downgrades US from "stable" to "negative," still AAA

Re: S&P downgrades US from "stable" to "negative," still AAA

Re: S&P downgrades US from "stable" to "negative," still AAA

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