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| Topic: USA Credit Downgrade | |
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For the first time in history our country's credit rating has been downgraded from AAA to AA+. How does this REALLY effect us? |
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For the first time in history our country's credit rating has been downgraded from AAA to AA+. How does this REALLY effect us? The dollar is going to devaluate even more. |
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So get as many as you can while its low and then when we recover you will have ALL THE MONIES!
not really, but stock market logic is relevant here. We buy low and sell high. |
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I am not 100% sure why its such a big deal. Oh no we dropped from the highest rating to the second highest rating. Lets look at Japan. When I went there in 2010 yen was about $1=95 yen. Then in January of this year Japans credit rating dropped. (look it up it happened) I left Japan in April at $1 = 85. There money was even stronger than the US and it continued to get stronger. It was only that week because the earthquake happened a month earlier. It was normally around $1=80.
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the country's credit rating is still better than mine... : )~
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For the first time in history our country's credit rating has been downgraded from AAA to AA+. How does this REALLY effect us? Interest rates will go up about 1/2 percentage point, govt bonds will have to pay more and we will have to pay more interest on them. If they could control the budget somehow we wouldn't have to always borrow and pay interest. |
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For the first time in history our country's credit rating has been downgraded from AAA to AA+. How does this REALLY effect us? Interest rates will go up about 1/2 percentage point, govt bonds will have to pay more and we will have to pay more interest on them. If they could control the budget somehow we wouldn't have to always borrow and pay interest. PRECISELY! |
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For the first time in history our country's credit rating has been downgraded from AAA to AA+. How does this REALLY effect us? People will panic, the economy will tank, there will be blood on the streets (a good time to buy by the way according to J.P. Morgan), dogs will stop chasing cats, fish will no longer swim in the sea but will walk upon the land selling trinkets to tourists, birds will take up jobs as tax accountants, bears will build themselves flush toilets and the woods will have a fresh clean sent. In short, life will go on as usual. |
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For the first time in history our country's credit rating has been downgraded from AAA to AA+. How does this REALLY effect us? People will panic, the economy will tank, there will be blood on the streets (a good time to buy by the way according to J.P. Morgan), dogs will stop chasing cats, fish will no longer swim in the sea but will walk upon the land selling trinkets to tourists, birds will take up jobs as tax accountants, bears will build themselves flush toilets and the woods will have a fresh clean sent. In short, life will go on as usual. OMG 
Makes "rise of the planet of the apes' somewhat believeable |
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i find it humorous that there was all this talk about our credit rating being downgraded if we DIDN'T raise the debt ceiling. now those brilliant folks in congress have done gone and raised the debt ceiling and s an p downgrades our credit rating. as it should be. if i add several credit cards, raise MY debt ceiling, my credit score will take a hit without my ever using the new credit cards.
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