G-7 seeks to avert collapse in world confidence- Bloomberg
Oil dives under $85 after S&P downgrades U.S. debt- AP
Gold tops $1,700 for first time on U.S. rating- Bloomberg
Gross praises S&P’s ‘spine’ on U.S. rating- Bloomberg
Investors reaching for panic buttons - NYTimes
Poor Standards
On Friday night, Standard and Poor's downgraded US Government debt to AA+ from AAA. My initial reaction is “So what”? This is just an opinion from a bunch of folks that have often been disastrously wrong in the past.
Economy, not debt rating, will send markets lower- AP
U.S. investors will have their first chance Monday to react to Standard & Poor's
decision to strip the U.S. government of its top credit rating. But the bigger issues
facing Wall Street and stock markets worldwide remain debt-ridden countries in
Europe and
No Chance of Default, US Can Print Money: Greenspan Former Federal Reserve Chairman Alan Greenspan on Sunday ruled out the chance
of a US default following S&P's decision to downgrade America's credit rating.
By RICHARD BARLEY The first cut isn't necessarily the deepest—at least not in the
world of credit ratings. Standard & Poor's decision to strip the US of its triple-A
rating is clearly a historic moment, with unquantifiable implications for investor ...
(Google Finance/Yahoo Finance)
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