USA / World Economy on the rocks

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USA / World Economy on the rocks

Postby Danny_Alvarez on Fri Aug 05, 2011 10:09 pm

http://www.nytimes.com/2011/08/06/busin ... ml?_r=1&hp

Amid the USA economic rating downgrade and shaky sharemarkets around the world....

what is your opinion of how this will unfold????

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Re: USA / World Economy on the rocks

Postby George Hay on Fri Aug 05, 2011 10:50 pm

Danny, I like your link as it is a very good summary of the S&P downgrade of U.S. Government Securities. I heard two economists on the radio today, on the one hand the one economist was pessimistic, on the other hand the other economist was optimistic. With all that is going on in the world economy today, I would think it would be difficult to tell how much influence the S&P downgrade has on interest rates on U.S. Government Securities, but it can't be good!
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Re: USA / World Economy on the rocks

Postby Danny_Alvarez on Sat Aug 06, 2011 11:16 pm

I personally think the credit downgrade could have been avoided.... but i think the republican members decided to teach the president a lesson.... i am not sure i agree with their strategy but it is done now.
i am not a political person although the subject fascinates me.
hard work is what got us out of the 30's depression and i think that it can also get us out of this one.
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Re: USA / World Economy on the rocks

Postby tommyc on Mon Aug 08, 2011 10:32 am

Is it cutting off yur nose to spite yur face....MYBE?
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Re: USA / World Economy on the rocks

Postby Danny_Alvarez on Tue Aug 09, 2011 2:13 pm

tommyc wrote:Is it cutting off yur nose to spite yur face....MYBE?


I think that is exactly what this is.... to me it feels like guaranteeing they win the next election , no matter what the cost is to average -joe-in-the-street....
a lot of people where on the verge and this tipped them over...
i know things will turn around but it wont be easy.
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