NYU economist says US downgrade could come this weekend

July 29, 2011

Lawrence White, an economics professor at New York University’s Stern School of Business, tells Reuters Insider a downgrade of the U.S. AAA credit rating could come as soon as this weekend. White said a downgrade was not 100 percent certain, but now looks highly likely.

I’d say (the chances) are pretty good, but not a certainty. If I had to bet, I’d bet that they will do a downgrade.

No comments so far

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/