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The second time slowdown?





bukaida
The SAM uncle (USA) has lost it's rating from AAA to AA+. As a result there is a huge breakdown in the world trading market. The crude oil price has come down to $80/barrel. Are we on the verge of another economic slowdown?
ocalhoun
I thought it was just from AAA+ to AAA- ...
Was it downgraded a second time already?
standready
ocalhoun wrote:
Was it downgraded a second time already?

Just once to AA+
http://www.bloomberg.com/news/2011-08-06/u-s-credit-rating-cut-by-s-p-for-first-time-on-deficit-reduction-accord.html
the-guide
Yes, just once to AA+ and it's seeming nothing is better right now.

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pll
It's always fun to see how the United-States runs the rest of the world.

The US crashes ; the rest of the world crashes.

And they are not a good example in enconomics administration... The problem they had for increasing the debt was purely political.

Why should the rest of the world suffers from they're political problems ?
standready
pll wrote:
The US crashes ; the rest of the world crashes.

Because other countries invest in the US.
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