USA. Credit rating downgrade.

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melias shoes

Well-known member
Oct 14, 2010
4,830
Prepare for market meltdown.
This could be worse than the banks collapse .
Discuss
 














D

Deleted User X18H

Guest
The Whitehouse want Standard and Poor to immediatly review their decision.

I think that might happen.
 


Beach Hut

Brighton Bhuna Boy
Jul 5, 2003
72,326
Living In a Box
Basically USA is totally debt ridden and this is an inevitable consequence of their current financial plight.
 






beorhthelm

A. Virgo, Football Genius
Jul 21, 2003
36,026
done after hours, with weekend to reflect and digest. modest impact in the near term. big signal to US they insulated from the world in the longer term.
 


Uncle C

Well-known member
Jul 6, 2004
11,711
Bishops Stortford
It was S&P that gave AAA ratings to all the crap investment packages that caused the problems initially. I think its time to start rating the rating agencies.
 






Hunting 784561

New member
Jul 8, 2003
3,651
The Chinese are demanding that the US reduces both it's military and social welfare spending.

Blimey. There was a time when no one told the Yanks what to do - all that has now changed.

It seems were in a bit of a mess, doesn't it ?

Never mind - Harveys and goals at the Amex this afternoon.

SEAGULLS !!!
 


vegster

Sanity Clause
May 5, 2008
28,273
The next time Air Force One touches down with Obama at Heathrow we should ask for the landing fees in cash upfront. Either that or we will accept payment in the form of cartons of Marlboro.
 




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