EPTS&P Downgrades US Credit - Page 21
| Forum Index > General Forum |
|
AaronJ
United States90 Posts
| ||
|
Romantic
United States1844 Posts
On August 09 2011 05:48 LaLLsc2 wrote: Not sure if serious.. Have you read how people are responding to this debt crisis'? You can't fool and manipulate the financial markets indefinitely.. History has proven this.. On August 09 2011 05:15 isM wrote: The Dow cared today. On August 09 2011 05:20 sekritzzz wrote: Worst post ever, especially considering the timing of it. Dow down 630~ points (5.55%) Nasdaq down 6.9% S&P down 6.66% p.s. I pity Bank of America shareholders. A horrible trading day+ lawsuit from AIG = Losing about 17 billion dollars in a single day. Fundamental misunderstanding of the situation. S&P downgraded US treasuries. If anybody cared, you would expect them to demand higher rates for treasuries. Opposite happened; 10-year treasuries dropped .22% to under 2.4%. May as well be giving the US Federal Government money. You think a worldwide loss in stock prices is the result of a downgrade of US treasuries, while the treasuries themselves are doing fine? | ||
|
Deleted User 124618
1142 Posts
http://krugman.blogs.nytimes.com/2011/08/08/aaauuuggghhh-market-commentary-edition/ What triggered economy fears? To some extent I think this is a Wile E. Coyote moment, with investors suddenly noticing just how weak the fundamentals are. Also, the mess in Europe. If USA growth goes negative, I have a bad feeling that records will be broken on how low things can go and how fast. | ||
|
aksfjh
United States4853 Posts
On August 09 2011 06:17 Romantic wrote: Fundamental misunderstanding of the situation. S&P downgraded US treasuries. If anybody cared, you would expect them to demand higher rates for treasuries. Opposite happened; 10-year treasuries dropped .22% to under 2.4%. May as well be giving the US Federal Government money. You think a worldwide loss in stock prices is the result of a downgrade of US treasuries, while the treasuries themselves are doing fine? Better than fine. Treasury is basically STEALING money at this point. The sad part is that US treasuries are still probably one of the safest bets around due to the Euro crisis, Arab Spring, and China's general instability when it comes to investment. | ||
|
aksfjh
United States4853 Posts
On August 09 2011 06:26 Greentellon wrote: Like Krugman said.. http://krugman.blogs.nytimes.com/2011/08/08/aaauuuggghhh-market-commentary-edition/ If USA growth goes negative, I have a bad feeling that records will be broken on how low things can go and how fast. http://www.telegraph.co.uk/finance/financialcrisis/8670580/US-GDP-growth-disappoints-as-economy-stagnates-in-first-quarter.html It's still growing, but it's not outpacing the demand for growth. If you look at stock prices over the past 2 years, it's obvious that investors got ahead of themselves and created an "optimism bubble." Now it's bust and we're going to be back where we were in 2009, but with slightly lower unemployment. | ||
|
Supert0fu
United States499 Posts
http://www.nytimes.com/2011/08/09/business/global/daily-stock-market-activity.html?hp | ||
|
oPPRoBe
United States199 Posts
I'm feeling the rising need to become educated about it.. | ||
|
FallDownMarigold
United States3710 Posts
On August 09 2011 08:57 Supert0fu wrote: Anyone have an stocks? Not anymore you don't. http://www.nytimes.com/2011/08/09/business/global/daily-stock-market-activity.html?hp The fuck? That doesn't mean you no longer have stocks. Currently, they're very low, like in 2008. They aren't "gone". | ||
|
RowdierBob
Australia13295 Posts
Damn you world. | ||
|
Equity213
Canada873 Posts
| ||
|
iPlaY.NettleS
Australia4374 Posts
Still , the day after he announced that he couldn't find the dough the records with possible leads as to where the money went at the Pentagon were destroyed in the 9/11 attacks.Good for him i guess.Get rid of government waste before you raise taxes , if losing 2.3 trillion isn't government waste then what is? | ||
|
Grovbolle
Denmark3811 Posts
| ||
|
EnderSword
Canada669 Posts
On August 08 2011 05:00 Serthius wrote: The US controls the dollar printing presses. It can print more dollars. You may think there's no way the politicians would let the US default, but quite a lot of people, and among them the guys at the rating agency, seem to disagree. This guy says it better than me: http://blogs.reuters.com/felix-salmon/2011/08/05/why-the-sp-downgrade-was-delayed/ "America’s ability to pay is neither here nor there: the problem is its willingness to pay. And there’s a serious constituency of powerful people in Congress who are perfectly willing and even eager to drive the US into default. The Tea Party is fully cognizant that it has been given a bazooka, and it’s just itching to pull the trigger. There’s no good reason to believe that won’t happen at some point." But printing more dollars lowers the value of dollars...You still get your rating lowered if your currency is at a risk of dropping a lot. | ||
|
ddrddrddrddr
1344 Posts
| ||
|
shinosai
United States1577 Posts
On August 10 2011 10:57 ddrddrddrddr wrote: Can you burn money to increase the value of your country's currency? Technically. Much of the money isn't actually on physical paper, though. It's just a number in a computer database. | ||
|
Cubu
1171 Posts
On August 10 2011 11:03 shinosai wrote: Technically. Much of the money isn't actually on physical paper, though. It's just a number in a computer database. What happens if someone where to secretly tamper with the number in the computer database so as to make it lower? | ||
|
Integra
Sweden5626 Posts
On August 10 2011 10:57 ddrddrddrddr wrote: Can you burn money to increase the value of your country's currency? yes.. with a slight modification. If the total sum that symbolizes money in some form is reduced, each dollar will be more valuable. for example if you make the decision to all the banks to "remove" half of their money currently in their system, thus reducing all earnings by the customers of the bank by half the dollar becomes increasingly stronger against other currency. | ||
|
sunprince
United States2258 Posts
On August 10 2011 11:21 Cubu wrote: What happens if someone where to secretly tamper with the number in the computer database so as to make it lower? That's not so easy. It would be equivalent to secretly tampering with the number that the bank says is in your savings account, or the number of shares of a stock that you own. In other words, very difficult to impossible to achieve, let alone get away with while avoiding scrutiny. | ||
|
shinosai
United States1577 Posts
On August 10 2011 11:21 Cubu wrote: What happens if someone where to secretly tamper with the number in the computer database so as to make it lower? That would indeed cause deflation, which would increase the value of our currency. However, there are problems that come with deflation, just like there are problems that come with inflation. Most notably the deflationary spiral. "A deflationary spiral is a situation where decreases in price lead to lower production, which in turn leads to lower wages and demand, which leads to further decreases in price." | ||
|
Ansinjunger
United States2451 Posts
Yet the idiots in Washington (not all of them, but enough to screw us all over, and it in fact really did screw everyone over, even their rich friends) could not do such a simple thing as compromise, largely because of the stupid stubbornness of the Tea Party. I'm ashamed to be friendly to Republicans (mostly independent but I lean that way more often than not) if they can't get over their egos and desire fore reelection. Michael Bennett, a senator from my state (CO) who I probably would not have voted for in the last election, has impressed me with his overall desire to work across the aisle. I'm sure he has views I don't like or agree with, but a willingness to work with others is a trait I'm coming to value above many ideals. | ||
| ||
