USA Downgraded by S&P to AA Credit Rating
Well folks, the chickens are coming home to roost:
“Updated, 8:27 p.m. ET] The credit rating agency Standard & Poor’s announced Friday that it has downgraded the U.S. credit rating to AA+ from its top rank of AAA.”
Quick Take:
I am kinda sick to my stomach because I closed about 70% of my short positions this morning at the lows.
This is a sad day and this week has been more proof as to why you can’t believe anything that Wall St tells you.
The recovery/Green shoots/bull market hoopla was nothing but a complete sham manufactured by government spending. I have been saying it ever since the lows in 2009 and I took a lot of heat for it.
It was easy to see if you covered your ears and didn’t listen to the BS that was being thrown to you by Wall St on an hourly basis on CNBC.
Get ready for I wild shit show on Monday. The unintended consequences here are numerous because our debt is no longer AAA which means many will be forced to sell it due to various covenants.
Money markets are a prime example. They can not own any thing that’s not AAA. The question now becomes where in the hell do they go with these massive amounts of cash if they can’t sit in treasuries. FRN’s perhaps? Does the dollar rally then or does it crash due to the downgrade?
I have no idea how this plays out folks but please be careful. Don’t end up like many of the bulltards who have been drinking the recovery koolaid since 2009.
Do stocks now rally because treasuries are no longer safe?
I plan on sitting mainly in cash and seeing how this plays out before I make more trades. The only shorts I kept on were DB based on the Euro mess which I failed to even get to tonight.
Let’s hope we don’t see total chaos in the markets next week. Hold your breath and just pray that no one panics.
Read more at The Housing Time Bomb
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes:
Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.
| Online: | |
| Visits: | 1,607,755,937 |
| Stories: | 8,162,824 |
Whistler Blowers, Insiders
