Now It’s Getting Interesting

Irresistible force, let me introduce you to immovable object? Economy in Congress’s Hands As Fed Runs Out of Bullets Ben Bernanke took a lot of flack from politicians ahead of the central bank’s statement on Wednesday. But now after the Federal Reserve chairman downgraded the economic outlook and initiated a Treasury-buying program in an attempt [...]

By |2011-09-22T12:03:56-04:00September 22nd, 2011|Economy|0 Comments

S&P Downgrades U.S. Sovereign Debt

From Bloomberg: S&P Cuts U.S. Rating for First Time on Deficit Reduction Pact The U.S. had its AAA credit rating downgraded for the first time by Standard & Poor’s, which slammed the nation’s political process and said lawmakers failed to cut spending enough to reduce record deficits. “The downgrade reflects our opinion that the fiscal [...]

By |2011-08-06T09:44:27-04:00August 6th, 2011|Economy|0 Comments

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