Today is a bad day for stocks in the wake of the S&P credit downgrade of the U.S.A.. As you can imagine, it’s the highlight of every online news organization in the country. I decided to take a look at the major news outlets to see how they were reporting the news. Unsurprisingly, nearly all […]
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Tag Archives: credit
Don’t Blame Obama for the Credit Rating Drop
August 5, 2011 
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S&P dropped the U.S. credit rating today from AAA to AA+. This is a huge blow not only to US interest but to the global economy as a whole. The ramifications of this downgrade will be felt all around the world. According to S&P, the US medium-term debt reduction strategy isn’t enough and is a reason why […]
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The Binary Biker 