Breaking News! S&P downgrade US Credit Rating from AAA to AA+ !

Well I'll pat Obama on the back for one thing...with as bad as things are getting he's unitentionally gonna fix our illegal immigrant problem. Maybe now I'll finally be able to get that grass cutting job I always wanted....I'll just have to do it on an illegal's salary.

Originally posted by boncho
I am just enjoying the strong Canadian dollar and our socialist healthcare system, can wait to watch you Americans become a third world country...

Haters going to hate.....

These over sensationalist fail to realize
they can not scare us.

We are America we can overcome anything.

Originally posted by Vitchilo

Originally posted by Bordon81
Lower credit rating means higher interest rates which means stronger dollar and lower stock prices.
Now what we don't know is if the downgrade got telegraphed to the investment houses ahead of time?
That would explain a lot..

Higher interest rates? You think the FED is gonna raise interest rates? If they do, the whole economy goes kaboom. Millions more will be homeless, more banks are gonna fail.

Lower stock prices will destroy the 401k... pissing people off.

No way they'll raise interest rates... and stronger dollar... yes at first, since everyone will be selling US treasuries... but medium/long term, forget it.

Is the Greek economy stronger since their credit rating has been crushed? NO!

Well then Kaboom it will go.

Interest rates will go to the moon.

reply to post by dreamfox1


Oh yeah, forgot it was saturday....

ALS

Now Rueters are saying Breaking News: Treasury spokesman says S&P debt judgment is flawed by a $2 trillion error.

What happened. Did they accidently push to many Zeros on there calcurlator. How can they be out by 2 trillion. Oh my, I think there is some pushing and shoving going on behind the seens. Might be time for them to stage another big event to get the sheeppeople to look the othetr way.

Originally posted by boncho
I am just enjoying the strong Canadian dollar and our socialist healthcare system, can wait to watch you Americans become a third world country...

I kid, I kid....

Is that you Stephen Harper???

Time for another big meeting of the world globalist union. Maybe throw some more billions on fake lakes and "border improvements" in the northern Ontario ridings of certain Conservative cabinet ministers...

reply to post by brewing


Yep eventually there will be less people working here and more jobs will appear suddenly.

Well that is if those jobs don't just vaporize into thin air.

Originally posted by aarys
Now Rueters are saying Breaking News: Treasury spokesman says S&P debt judgment is flawed by a $2 trillion error.

What happened. Did they accidently push to many Zeros on there calcurlator. How can they be out by 2 trillion. Oh my, I think there is some pushing and shoving going on behind the seens. Might be time for them to stage another big event to get the sheeppeople to look the othetr way.

Yea 2 trillion in the red we were beyond screwed.....

Higher interest rates is what's gonna happen. Other than that I dont see anything to wild happening. To much doom and gloom and this same talk of SHTF, just pushed me out of the field. I used to follow it like we will all die tomorrow now i just laught!


But for #s and giggles what do you think is gonna happen come Monday?

reply to post by KonigKaos


Do you think S&P to be as incompetent as to make an error in maths to the tune of 2 Trillion dollars? An error in which the GOV was able to spot within 3hrs? Perhaps just maybe there was some pressure being put by the GOV which caused the S&P to admit such an error and assume great public disgrace?

reply to post by ArcAngel


Nobody in their right mind would want to attack Canada when they could buy the US for cents on the dollar and get lots of bonuses along with it.

Its Obama Admin trying to save itself from looking even worse if that can happen! Where did all the damn money go, not only have they used up our tax money, they gutted SS, that money shouldnt even be touched.

Stop The Wars (costing us lives and money)

Stop giving AID to foreign counties like China, Israel, Ireland, Etc

Cut un-need programs - Who cares how much a coch roach craps in its lifetime

Tax US companies that rather do business over sees

You will eventually start to balance the budget.

We just went to AA+

It is like getting a 97.5% on your test instead of 100%

Really a non event - but something to keep the media interested in the "crash".

Interest rates will rise slightly on the long end, probably not much anywhere else.

I believe this was somehow priced into the markets this week ( advanced knowledge by some ).

But really, not a huge deal as of yet.

Originally posted by aarys
Now Rueters are saying Breaking News: Treasury spokesman says S&P debt judgment is flawed by a $2 trillion error.

What happened. Did they accidently push to many Zeros on there calcurlator. How can they be out by 2 trillion. Oh my, I think there is some pushing and shoving going on behind the seens. Might be time for them to stage another big event to get the sheeppeople to look the othetr way.

ya this is so,,early 2000 all over again,, remember the "BIG THUMBS" cause error in STOCK drop,, lol,, they used that one the last time,, cant use it twice in the same ,,aww nevermind,, lol

reply to post by Dance4Life


We all know that 97.5% is something like 55%. The gov and the credit agency just don't want to admit it.

reply to post by MikeBoss


Probably should have been done a long time ago - no doubt.

But I guess I would have to ask.. who is in better shape?

...

.....

Pretty much no one. I'm not jumping ship yet brother.

reply to post by Dance4Life


Uh, not quite. A lot of banks only hold bond notes of AAA status. They would have to sell them, since the U.S. is no longer AAA. Your definition of 100 to 97.5 is ridiculous. We have never been downgraded ever.

reply to post by wxguru


No, it's not ridiculous.

The impact will be minimal.

It WAS ONLY S&P.

There is also Moody's and Fitch.

This is just a warning shot of sorts. It really isn't a big deal. You are all welcome to church it up as much as you like though.

reply to post by Dance4Life


Your being too simplistic and naive if you think nothing will happen. The markets will get too spooked...

reply to post by wxguru


OK.

Time will tell.