Egan-Jones Cuts US Rating To ‘AA-’ From ‘AA’ @ Forex Factory

Egan-Jones Cuts US Rating To ‘AA-’ From ‘AA’

From forexlive.com

Rating agency Egan-Jones Friday cut the United States’ sovereign credit rating to ‘AA-’ from ‘AA’ citing its opinion that the third round of quantitative easing announced by the Federal Reserve Thursday “will stoke the stock market and commodity prices, but in our opinion will hurt the US economy and, by extension, credit quality.” Below is the text of the summary of Egan-Jones rating action: Up, up, and away – the FED’s QE3 will stoke the stock market and commodity prices, but in our opinion will hurt the US economy and, by extension, credit quality. Issuing additional currency and ... (full story)

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- Sep 14, 2012 3:27pm
- #1
- Quote
- Guest
  
  IP XX.XX.250.185
- up we go EUR up we go EUR
- Sep 14, 2012 3:30pm
- #2
- Quote
- Guest
  
  IP XXX.X.25.107
- Egan jones strikes again. It makes perfect sense. In 20 years US debt quadrupled. In 20 yrs it will be 64 trillion if we don't stop this BS. the fiscal cliff is needed to stop this so people and the stock market can live in reality. Egan jones strikes again. It makes perfect sense. In 20 years US debt quadrupled. In 20 yrs it will be 64 trillion if we don't stop this BS. the fiscal cliff is needed to stop this so people and the stock market can live in reality.
- Sep 14, 2012 3:35pm
- #3
- Quote
- glenngie
  
  339 posts
- situation in EUR ozone worse....so let's see when USD gains some traction again.....EUR rise seems at "giddy" stage right now... situation in EUR ozone worse....so let's see when USD gains some traction again.....EUR rise seems at "giddy" stage right now...
- Sep 14, 2012 3:37pm
- #4
- Quote
- rfurtado
  
  7 posts
- silver up, about 22 5 thsi week alone, gold up, USDX DJ FCXM down. silver up, about 22 5 thsi week alone, gold up, USDX DJ FCXM down.
- Sep 14, 2012 3:41pm
- #5
- Quote
- saf
  
  53 posts
- who cares!!!!!????????????? who cares!!!!!?????????????
- Sep 14, 2012 4:16pm
- #6
- Quote
- Guest
  
  IP XX.XXX.243.175
- It appears (on the face of it), this collective and co-ordinated stimulus from the world central banks, is in preparation for an EU exit by Greece or other/s...perhaps. It appears (on the face of it), this collective and co-ordinated stimulus from the world central banks, is in preparation for an EU exit by Greece or other/s...perhaps.
- Sep 14, 2012 4:34pm
- #7
- Quote
- glenngie
  
  339 posts
- http://in.reuters.com/article/2012/0...50PE0020120914 [url]http://in.reuters.com/article/2012/09/14/markets-euribor-idINEAP50PE0020120914[/url]
- Sep 14, 2012 4:50pm
- #8
- Quote
- Shelika
  
  54 posts
- means US treasury bonds price will go down further means US treasury bonds price will go down further
- Sep 14, 2012 5:14pm
- #9
- Quote
- Spik
  
  292 posts
- It is most fun to read today's MIGBank's analysis (http://www1.migbank.com/research/en/..._09_14_web.pdf).
  
  They virtually admit they have no clue, what on earth is going on and where are we heading next. Only now that they seemingly capitulated, maybe trend will go where they thought in the first place - or not, lol. It is most fun to read today's MIGBank's analysis ([url]http://www1.migbank.com/research/en/files/daily_technical_report_2012_09_14_web.pdf[/url]). They virtually admit they have no clue, what on earth is going on and where are we heading next. Only now that they seemingly capitulated, maybe trend will go where they thought in the first place - or not, lol.
- Sep 14, 2012 5:17pm
- #10
- Quote
- Spik
  
  292 posts
- To add something: especially at USDCAD and AUDUSD they are wandering aimlessly. To add something: especially at USDCAD and AUDUSD they are wandering aimlessly.
- Guest
  
  IP XXX.XX.156.140
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Story Stats

Posted: Sep 14, 2012 3:20pm

Submitted by: FF News

Category: Low Impact Breaking News
1,491 Views
10 Comments

Guest, Guest, glenngie(2), rfurtado, saf, Guest, Shelika, Spik(2)

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Egan-Jones Cuts US Rating To ‘AA-’ From ‘AA’