Comments on: The long-term implications of a US downgrade http://blogs.reuters.com/felix-salmon/2011/07/28/the-long-term-implications-of-a-us-downgrade/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: traducator daneza http://blogs.reuters.com/felix-salmon/2011/07/28/the-long-term-implications-of-a-us-downgrade/comment-page-1/#comment-53754 Mon, 29 Sep 2014 14:05:52 +0000 http://blogs.reuters.com/felix-salmon/?p=9148#comment-53754 rather then getting all these cons, ipad device offers similar to very hot wedding cake. . -= Sourish

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By: RAMMO http://blogs.reuters.com/felix-salmon/2011/07/28/the-long-term-implications-of-a-us-downgrade/comment-page-1/#comment-29088 Sat, 30 Jul 2011 03:15:20 +0000 http://blogs.reuters.com/felix-salmon/?p=9148#comment-29088 Let us start thinking positively,guys.The world is large enough to create business opportunities if one side sinks, the oppposite would happen on the other which will lift it.Any downturn would create upturn ib the economic cycle.It is elasticity of the economy that keeps on going

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By: AABender1 http://blogs.reuters.com/felix-salmon/2011/07/28/the-long-term-implications-of-a-us-downgrade/comment-page-1/#comment-29082 Fri, 29 Jul 2011 19:30:59 +0000 http://blogs.reuters.com/felix-salmon/?p=9148#comment-29082 WSJ July 29, 2011
http://online.wsj.com/article/SB10001424 053111904800304576476171358955618.html?m od=WSJ_hp_MIDDLENexttoWhatsNewsThird

Muni-Pricing Services Brace for Downgrade

“We feel pretty confident that we’re going to be able to keep up if this happens next week,” said Frank Dos Santos, vice president at Standard & Poor’s Securities Evaluations, which provides independent valuations for a variety of investments, including government and municipal bonds.

Mr. Dos Santos expects a downgrade to make prices more volatile. While a downgrade would be unprecedented, he compares it to the fall of some so-called monoline insurers of bonds in 2008, which stirred deep uncertainty in the market. “We kind of look at this as being a similar scenario,” he said.

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By: Curmudgeon http://blogs.reuters.com/felix-salmon/2011/07/28/the-long-term-implications-of-a-us-downgrade/comment-page-1/#comment-29079 Fri, 29 Jul 2011 15:51:58 +0000 http://blogs.reuters.com/felix-salmon/?p=9148#comment-29079 I think most people would have considered NYC too big to fail, yet that’s exactly what happened circa 1975. A lot of people who had a vested interest in maintaining the status quo were really annoyed (“US to New York: Drop Dead”), but it seems to have gotten through just fine. Extending that argument, you haven’t demonstrated how California is too big to fail.

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By: carterbenb http://blogs.reuters.com/felix-salmon/2011/07/28/the-long-term-implications-of-a-us-downgrade/comment-page-1/#comment-29072 Fri, 29 Jul 2011 14:28:42 +0000 http://blogs.reuters.com/felix-salmon/?p=9148#comment-29072 I think if the US bails out California, then California should loose their votes in congress until they can pay the Federal Government back. Same for Illinois.

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By: zotdoc http://blogs.reuters.com/felix-salmon/2011/07/28/the-long-term-implications-of-a-us-downgrade/comment-page-1/#comment-29070 Fri, 29 Jul 2011 13:57:36 +0000 http://blogs.reuters.com/felix-salmon/?p=9148#comment-29070 The govt imposed an artificial debt limit on itself, then proceeded to spend at an exhorbitant rate. Now, the politicians are trying to sway the public in an election year over what either side is going to do about it. Kind of like when my college age daughter calls to let me know she is out of money, and if I could just give her a little more, she promises to be more careful in the future. NOT!. The debt limit should not be raised, all that will happen is that the govt will spend right up to it then ask for more. The U.S. should already be downgraded anyway, since we have become a nation of whining dependants, druggos and slackers, with half of us not paying income tax at all, waiting for the next handout from Barry. Not what I want to “invest” in!

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By: zotdoc http://blogs.reuters.com/felix-salmon/2011/07/28/the-long-term-implications-of-a-us-downgrade/comment-page-1/#comment-29069 Fri, 29 Jul 2011 13:57:32 +0000 http://blogs.reuters.com/felix-salmon/?p=9148#comment-29069 The govt imposed an artificial debt limit on itself, then proceeded to spend at an exhorbitant rate. Now, the politicians are trying to sway the public in an election year over what either side is going to do about it. Kind of like when my college age daughter calls to let me know she is out of money, and if I could just give her a little more, she promises to be more careful in the future. NOT!. The debt limit should not be raised, all that will happen is that the govt will spend right up to it then ask for more. The U.S. should already be downgraded anyway, since we have become a nation of whining dependants, druggos and slackers, with half of us not paying income tax at all, waiting for the next handout from Barry. Not what I want to “invest” in!

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By: Tseko http://blogs.reuters.com/felix-salmon/2011/07/28/the-long-term-implications-of-a-us-downgrade/comment-page-1/#comment-29062 Fri, 29 Jul 2011 12:34:59 +0000 http://blogs.reuters.com/felix-salmon/?p=9148#comment-29062 Agree with AABender1’s critique, always good to check the facts before you take a sip of your soda. The muni dimension of the current situation is more relevant to the debt/fiscal discussions rather than rating implications as it would affect fiscal transfers to the states in the short term. For everything else, I don’t think there is any reason to panic – people who are not positioned correctly will lose quite a bit of money, there will be some reshuffling among business and political elites but in the longer term a sharp fiscal contraction will delever the economy, and raise rates and inflation to more normal levels.

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By: jscott418 http://blogs.reuters.com/felix-salmon/2011/07/28/the-long-term-implications-of-a-us-downgrade/comment-page-1/#comment-29061 Fri, 29 Jul 2011 11:00:10 +0000 http://blogs.reuters.com/felix-salmon/?p=9148#comment-29061 Even if the US is not downgraded, the lack of confidence in the US is apparent from here on out. Congress is so bogged down in party Politics as usual that it has basically become ineffective. Nobody now expects any long term solutions to come from their legislation. We will be lucky for them to even agree on a deficit ceiling increase.
The problem is the extreme party side voters have voted in far left and right wing politicians who won’t budge on their view on how Government should run. This has caused disagreement even within parties in Congress. I so no end in sight for this unless these extreme views begin to see the damage they are causing to the US.

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By: fsdjklfasd http://blogs.reuters.com/felix-salmon/2011/07/28/the-long-term-implications-of-a-us-downgrade/comment-page-1/#comment-29049 Thu, 28 Jul 2011 21:23:17 +0000 http://blogs.reuters.com/felix-salmon/?p=9148#comment-29049 I think the short term (1 to 2 month or less) consequence of short term default is so much better than the long term consequence of delaying action (moving nearly 2 trillion a year further in the hole), that shutting down the govt and defaulting would be better in the medium to long term.

If I was Boehner I would pass my bill and recess the house for a few days.

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