Author Topic: U.S. rating likely to be downgraded again: Merrill  (Read 1774 times)

Online walkstall

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U.S. rating likely to be downgraded again: Merrill
« on: October 23, 2011, 07:41:04 PM »
So look like S&P did the right thing.
 
snip~
NEW YORK — The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of America Merrill Lynch forecasts.
 
snip~
"The credit rating agencies have strongly suggested that further rating cuts are likely if Congress does not come up with a credible long-run plan" to cut the deficit, Merrill's North American economist, Ethan Harris, wrote in the report.
 
more @
http://xfinity.comcast.net/articles/news-general/20111023/NEWS-US-USA-RATING-MERRILL/
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Offline Dan

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Re: U.S. rating likely to be downgraded again: Merrill
« Reply #1 on: October 24, 2011, 04:56:51 AM »
Nothing really new here. Frankly the confusing part is why they didn't do it sooner.
If you believe big government is the solution then you are a liberal. If you believe big government is the problem then you are a conservative.

Online walkstall

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Re: U.S. rating likely to be downgraded again: Merrill
« Reply #2 on: October 24, 2011, 05:10:57 AM »
Nothing really new here. Frankly the confusing part is why they didn't do it sooner.

I myself have been looking for it for over 6 years. 
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Politics is supposed to be the second-oldest profession.  I have come to realize that it bears a very close resemblance to the first.  ~ Ronald Reagan ~

Always remember "Feelings Aren't Facts."

Offline Dan

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Re: U.S. rating likely to be downgraded again: Merrill
« Reply #3 on: October 24, 2011, 06:57:15 AM »
Not that a rating downgrade means much when Europe is imploding and the fed is printing money to finance our debt.
 
Things are going to go along just fine until the aren't. And then it's gonna get really ugly really fast.
If you believe big government is the solution then you are a liberal. If you believe big government is the problem then you are a conservative.

 

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