-
A Fitch Downgrade Wouldn't Matter
Fitch, the ratings company, just said that it placed the U.S. government on "rating watch negative" meaning it might reduce the country's AAA credit grade. It worries that the Treasury may not be able to make all of its debt payments on time without raising the debt ceiling, now being held up by a congressional stalemate. It also worries -- wrongly -- that "prolonged negotiations over raising the debt ceiling" would endanger "confidence in the role of the U.S. dollar as the preeminent global reserve currency," which is supposedly "a key reason why the U.S. 'AAA' rating can tolerate a substantially higher level of ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Oct 16, 2013 12:15am Oct 16, 2013 12:15am
- Guest
- | IP XX.XXX.15.242
- Comment #2
- Quote
- Oct 16, 2013 12:42am Oct 16, 2013 12:42am
- realjumper
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 536 Comments
Doing what you like is Freedom. Liking what you do is Happiness.
- Comment #3
- Quote
- Oct 16, 2013 12:58am Oct 16, 2013 12:58am
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir
- Comment #4
- Quote
- Oct 16, 2013 1:03am Oct 16, 2013 1:03am
- cuchuflito
- Joined Nov 2008 | Status: Member | 394 Comments
- Comment #5
- Quote
- Oct 16, 2013 1:04am Oct 16, 2013 1:04am
- GVglobal Ltd
- | Commercial Member | Joined Oct 2013 | 1 Comment
- Comment #6
- Quote
- Oct 16, 2013 1:49am Oct 16, 2013 1:49am
- DayTrader30
- | Joined Apr 2011 | Status: Member | 221 Comments
- Comment #7
- Quote
- Oct 16, 2013 2:43am Oct 16, 2013 2:43am
- Guest
- | IP XX.XX.41.223
- Comment #8
- Quote
- Oct 16, 2013 2:53am Oct 16, 2013 2:53am
- Greener
- | Joined Jan 2010 | Status: Member | 667 Comments
- Comment #9
- Quote
- Oct 16, 2013 2:58am Oct 16, 2013 2:58am
- Guest
- | IP XX.XXX.115.212
- Comment #10
- Quote
- Oct 16, 2013 3:21am Oct 16, 2013 3:21am
- Guest
- | IP XX.XXX.154.140