Sunday, October 23, 2011

All I Want For Christmas Is - A Debt Downgrade?

We may long for the days when all we got was coal in our stockings. Mostly because we could burn it to keep warm.

'BofA: Another US Debt Downgrade Is Coming In Just A Few Weeks'

'However, all the Republican members have signed the Norquist “no taxes” pledge and with taxes off the table it is hard to imagine the liberal Democrats on the Committee agreeing to significant entitlement cuts. The credit rating agencies
have strongly suggested that further rating cuts are likely if Congress does not come up with a credible long-run plan. Hence, we expect at least one credit downgrade in late November or early December when the super Committee crashes'.
From : http://investmentwatchblog.com/bofa-another-us-debt-downgrade-is-coming-in-just-a-few-weeks/

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