Downgrade? What’s the effect


Clearly we’re concencerned about possible default on obligations by the givernment.  People may not get paid service rendered to the government, or can’t continue to rely on support of the government.

But what about the downgrade to the US credit rating?  Seems like it could raise government borrowing costs.  What else though?  His vid from the Wall Street Journal is pretty informative:  Downgrade

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s