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Ratings Agency Downgrades U.S. Credit

rbyard Wrote: Sep 15, 2012 4:14 PM
An obscure credit ratings agency downgrades U.S. credit rating for the third time and the likely result will likely be a further reduction of interest rates, and increased demand for U.S. Treasuries, as it was the last two times.
TXTRUTH Wrote: Sep 17, 2012 2:01 PM
"as it was the last two times" You do know the definition of insanity right?

Downgraded. Again.  Citing the most recent round of stimulus, the ratings agency Egan-Jones on Friday gave the U.S. a credit rating of AA-, down from its solid AA rating.  Michael Aneiro at Barron’s notes that the downgrade comes three days after Egan-Jones “affirmed its AA rating for the U.S. but warned that further Fed stimulus could trigger a downgrade.” Thanks, Bernanke.  The agency writes:

[T]he FED’s QE3 will stoke the stock market and...