Official: US downgrade from AAA by S&P.

[ZenOps]

http://www.bloomberg.com/news/2011-0...on-accord.html

*Blamo* - That is the sound of the US getting kicked in the gonads.

S&P waited until market close to drop the US from AAA to AA+

"JPMorgan Chase & Co. estimated that a downgrade would raise the nation’s borrowing costs by $100 billion a year."

I didn't think they would do it this year - but they did it.

[RickDaTuner]

one step closer to half priced USD, Half priced homes, and half priced cars...

I think I'll take a GT-R now

[ZenOps]

I'm more interested to see what happens monday morning on the markets.

It is only one rating agency, but there are several investment groups that state they only invest in AAA from the three big rating agencies. Meaning forced selling?

Canada has been downgraded from AAA before. I think its a healthy thing, but may be a rude awakening for the US.

[kevie88]

repost.

[kevie88]

Originally posted by kevie88
repost.

http://forums.beyond.ca/st/338400/us...ng-downgraded/