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tommy Eternal Order Devil's Island 16544 Posts |
The United States has lost its AAA credit rating, at least according to Standard & Poor’s (S&P).
Monday should prove to be another rather interesting day in the financial markets.
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.
Tommy |
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Tom Cutts Staff Northern CA 5925 Posts |
How much weight should one put in a financial institution called "poor"?
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Pakar Ilusi Inner circle 5777 Posts |
Quote:
On 2011-08-06 02:37, Tom Cutts wrote:
"Dreams aren't a matter of Chance but a matter of Choice." -DC-
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Watchmaker Veteran user 369 Posts |
Mr. Cutts,
A lot. Phil |
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Kevin Connolly Inner circle New Jersey 1329 Posts |
They're the same group that gave a triple a rating to Fannie & Freddie Mac. A week later they collapsed.
If this hope and change, the country has had enough.
Please visit my website.
www.houdinihimself.com Always looking buy or trade for original Houdini, Hardeen and escape artist items. I'm interested in books, pitchbooks and ephemera. Email [email]hhoudini@optonline.net[/email] |
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Jonathan Townsend Eternal Order Ossining, NY 27297 Posts |
Also just a day after their offices were raided by a foreign government.
...to all the coins I've dropped here
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Kevin Connolly Inner circle New Jersey 1329 Posts |
Rim shot!
Please visit my website.
www.houdinihimself.com Always looking buy or trade for original Houdini, Hardeen and escape artist items. I'm interested in books, pitchbooks and ephemera. Email [email]hhoudini@optonline.net[/email] |
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Dannydoyle Eternal Order 21219 Posts |
Quote:
On 2011-08-06 15:22, Kevin Connolly wrote: You have to admit, it is change.
Danny Doyle
<BR>Semper Occultus <BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell |
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ClintonMagus Inner circle Southwestern Southeast 3997 Posts |
Quote:
On 2011-08-06 18:41, Dannydoyle wrote: ... and we HOPE it will get better...
Things are more like they are today than they've ever been before...
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tommy Eternal Order Devil's Island 16544 Posts |
The Hand of The Gnomes of Zürich is afoot.
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.
Tommy |
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Jonathan Townsend Eternal Order Ossining, NY 27297 Posts |
? so they don't like the Smurfs movie?
...to all the coins I've dropped here
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Jamie Ferguson Inner circle Alba Gu Brà th 3640 Posts |
S&P are acting tough after miss-calling the credibility of certain assets pre credit crunch. It will be interesting to see if the other agencies follow suit.
When the chips are down, the duvet is uncomfortable.
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Dannydoyle Eternal Order 21219 Posts |
I just saw where the United States has been pre-declined for every major credit card available.
Danny Doyle
<BR>Semper Occultus <BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell |
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gdw Inner circle 4884 Posts |
I'm curious why no one really wondered why being in increasing debt for 235 years lead to a triple a rating in the first place?
Then again, what country doesn't have a similar track record.
"You may say I'm a dreamer, but I'm not the only one."
I won't forget you Robert. |
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tommy Eternal Order Devil's Island 16544 Posts |
I just heard that the Tel Aviv stock exchange opened and crashed and they shut it down for a while.
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.
Tommy |
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Weisszach New user Manchester, UK 70 Posts |
AAA rating isn't as big as you think. If the goverment can pull their fingers out everything will jest be fine
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balducci Loyal user Canada 227 Posts |
Canada and Australia both lost their triple A rating (in 1992 and 1986, respectively).
Both won it back. Today, both are said to be among the economically strongest and soundest nations in the world. Canada's economy and finances are routinely described as the best in the Western Hemisphere. It is a total mystery to me (and probably everyone else here) as to whether the politicians and the people of the United States are willing to make the same sacrifices and work together to restore the S&P rating of the U.S. ... time will tell. Related reading: http://www.hindustantimes.com/Could-the-......002.aspx
Make America Great Again! - Trump in 2020 ... "We're a capitalistic society. I go into business, I don't make it, I go bankrupt. They're not going to bail me out. I've been on welfare and food stamps. Did anyone help me? No." - Craig T. Nelson, actor.
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tommy Eternal Order Devil's Island 16544 Posts |
Goverments are not as big as you think they are just Bernie Madoff on steroids.
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.
Tommy |
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Dannydoyle Eternal Order 21219 Posts |
One reason we lost it was due to what can be thought of as a "debt to income ratio". It is symbolic to be sure, it is a pain to be sure and it will make a wonderful campaign distraction for each side to spin. In the end it is little more than that.
It gives people someone to join, or someone to blame. For this reason it will keep the real problem from ever being addressed much less solved any time soon. Each party is at fault in my view.
Danny Doyle
<BR>Semper Occultus <BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell |
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tommy Eternal Order Devil's Island 16544 Posts |
Well the fat lady has started singing http://www.goldprice.org/
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.
Tommy |
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