...as an index of how serious the debt issue is, economist Irwin Stelzer points out that Moody's has been issuing ratings since 1917. The United States has had a Triple A since 1917 — [through] world wars, depressions – unchanged, uninterrupted. In eleven months, Obama has driven Moody's to the point where it has issued a warning that it might have to reduce it to Double A, which is what you get for banana republics or places like Greece.HT: NRO
Record Highs Reached by the S&P 500 in Week 2 of October 2017
"Gold Price To Suffer a Tremendous Drop" says Goldman Sachs: Mish Says "This Is a Buy Signal"