S&P puts US on Negative Watch for Ratings Downgrade
Change is coming to America. Change We Can Believe in.
(Not so good for the CU share portfolio though, 4% off in a day. Mr Gold and Silver Nick Drew had a better day, up 2% I would guess- sadly for me the race is not even close at the moment!)
One has to wonder why S&P issued this two year warning to the Chosen One? Also will the other ratings agencies jump on the bandwagon? Personally I don't think S&P have done this from the goodness of their hearts, it smells fishy to say the least; also the White House are supposed to have been told last Friday this would be going out today.
Funny how the USD doesn't seem to have reacted at all (at least not against the pound, which is the only rate I watch). Is this because it's not in anybody's interests to see the reserve currency fall?
One has to wonder why S&P issued this two year warning to the Chosen One?
ReplyDeleteAlso will the other ratings agencies jump on the bandwagon?
Personally I don't think S&P have done this from the goodness of their hearts, it smells fishy to say the least; also the White House are supposed to have been told last Friday this would be going out today.
I know I've said it before, but .... Obama's "change" is the sort that spills out of your pocket and rolls down the drain.
ReplyDeleteFunny how the USD doesn't seem to have reacted at all (at least not against the pound, which is the only rate I watch). Is this because it's not in anybody's interests to see the reserve currency fall?
ReplyDeleteGot any spare change you can believe in ?
ReplyDeleteAnyone reckon the US will elect a 'sound dollar' president in 2012?
ReplyDeleteThat'd knock your oil shares and Nicks PM's!
Chucking another recession around the world could help them maintain #1 spot you know - especially if we're all queuing at the IMF!
S&P are part of the problem in the first place. Our focus should be on getting manufacturing and business moving, not this guff.
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