S&P's downgrade of the United States' credit rating.
On August 5, 2011, S&P lowered the United States' sovereign long-term credit rating from AAA to AA+. The S&P press release sent with the decision said, in part: "The downgrade reflects our opinion that the fiscal consolidation plan … see full wiki
We are at a situation where whatever we do, it just doesn't feel right. The question asked by many investors is where to invest then? What to invest and what exactly one should do or act on? Well, if you are the few lucky ones who are debt free and still have lots of extra cash or financial papers or real estate, then congratulation to you. This is not of a survival matter. Whatever you have are more than you need and you can afford more than the rest of the world. You'll … more
It comes at the worst possible timing ever! Markets are in for shocks and aftershocks. Not caught off guard but there will be lots of repercussions for the world at large! With the twin crisis both in Europe and US, time to run for cover if you haven't already! Markets expected to drop more in coming days, if not weeks!
What's your opinion on S&P Downgrade of United States' Credit R...?