Effects of credit rating downgrade of America to AA+

money

It finally happened.  After ratings agencies Moody’s and Fitch affirmed America’s triple A ratings but with negative outlook, China’s Dagong Agency and S&P Drops US Credit Rating to AA+ shortly thereafter.  S&P said that in addition to the downgrade, it is issuing a negative outlook, and there is a chance it will lower the rating […]

American Debt Ceiling Compromise is a dud

Over the weekend, a lot of interesting developments happened pending the debt ceiling deal.  Gold surged to $1635 as the ever reliable safe haven was flocked to once again when the August 2 deadline drew nearer.  The lower house, congress, announced they will soon vote on a proposal, sending Gold back near 1610. But the […]

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