On Tue, Apr 19, 2011 at 2:07 AM, Robert Munn <[email protected]> wrote:
> > Republicans argue that the rich need a tax break in order to invest in > the country, but they are already sitting on $2 trillion in capital, > and their investments of late have tended toward commodities (gold, > silver, oil) and foreign investment, which makes them more money but > does not generate many US jobs. > > > *http://tinyurl.com/3oaobwa* If US loses triple-A, its citizens will payNever before has S&P placed the full faith and credit of the United States on "outlook negative", highlighting the uncertainty. "While still a remote risk, the possibility of the U.S. losing its AAA rating could result in a wholesale abandonment of dollar assets and would potentially destabilize the entire global economy," said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington. When Moody's Investors Service revised its outlook on Japan's AAA-rated sovereign debt to negative from stable in 1998 -- similar to what S&P did to the United States on Monday -- the yen sank to its lowest level in six years and government bond prices fell sharply. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:336406 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
