Posted on 08/07/2011 7:25:37 PM PDT by Hojczyk
Futures pointed to losses on Wall Street when it opens Monday. Dow futures were off 225 points, or 2 percent, at 11,177 and broader S&P 500 futures shed 23.6, or 2 percent, to 1,174.20.
Standard & Poor's downgrade of the U.S. sovereign credit rating to AA+ from the top-notch AAA -- announced late Friday -- is another blow to confidence in the struggling U.S. economy, analysts said.
Worries that the U.S. economy, the world's biggest, is heading back into recession have been compounded by signs that Europe's government debt crisis is threatening to engulf bigger economies such as Italy and Spain.
"The loss of AAA status will plainly add some salt to the wounds of weak sentiment" in stock markets but concern is likely to quickly return to the prospects for U.S. and global economic growth, DBS Bank Ltd. in Singapore said in a report.
(Excerpt) Read more at finance.yahoo.com ...
why are you trying to spread panic here?
the decrease is under 184 and dropping
All thanks to Obama. He should be impeached or if he had an ounce of decency Obama should resign.
I believe that we in America are in for years of a world of hurt, and politicians and both Parties are looking out only for their own gains and for their bundlers.
The pols should be working to advance our USA interests, our jobs, employment, the economy and instead they play little gotcha games with each other.
If I had my druthers I’d throw every last one of them out on the street without any pension, benefits and ban them from lobbying or working for government in any capacity.
Actually, I was just noticing that the Asian markets aren’t down much at all.
http://finance.yahoo.com/intlindices?e=asia
Looks like the Asians have their own Plunge Protection Teams.
This could be a Symptom of things to come... If so, it would be a false indicator! I would expect that the upcoming election will place actual deficit cutters into office and regain control of the situation.
Now is that does NOT happen, ie.(bunch of Democratic spenders are re-elected) then yes, we are lost. You will then see a major drop in our rating along with actual deficient (over-spending) problems... Oh well, at least if that occurs, we will have only about 12 years before Armageddon...
“If I had my druthers I’d throw every last one of them out on the street without any pension, benefits and ban them from lobbying or working for government in any capacity.”
While we are at it, we should strip them and their families of every single asset they own and turn them out into the street. The only option left should be to live in homeless shelters and give up every single penny they earn to pay back America for the damage they have done.
If a phone call cost a penny, they would not have it unless they found it on the street.
-soapbox mode off-
While we are at it, we should strip them and their families of every single asset they own and turn them out into the street. The only option left should be to live in homeless shelters and give up every single penny they earn to pay back America for the damage they have done.
BUMP! BUMP!
Perhaps it is time to downgrade legislatures (state and federal) to part-time jobs with 1/10th pay, NO retirement, NO perks, NO insurance. These POS politicians can get a job doing something productive not “progressive”.
DEFUND socialist collectives, foreign and domestic...NOW. Republicans control our house. STOP spending on socialist collectives...NOW.
Why kick the can down the road? Identify the problem. Do something about it.
...That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness...
Declaration of Independence
ALTER it.
It doesn’t look good over there.
No, does not look good at all. Dow futures down 250 too.
Asia is back in free fall mode Dow futures @ -265 and dropping
http://finance.yahoo.com/intlindices?e=asia
Down 2-4 percent now.
I agree totally. They should have their wages and benefits reduced to nothing until America starts improving. They’ve never done their job properly with a sincere interest in improving our nation. It is about politics, ideologies, their reelections and money from lobbyists and others who gain.
Our government leaders have done their best to really screw us as a nation and I include both Rs and Ds. They’ve allowed illegal aliens to come in and steal jobs from Americans, and then they cost taxpayers billions to subsidize them and their kids. If that isn’t bad enough, their open border policies were directly responsible for 9-11.
But all of that treasonous behavior pales in comparison to them handing over the economic reigns of the USA to globalist bankster thieves who sold us out to China, Korea, Mexico, etc. In five years they say China will become a consuming nation, not an exporting nation, and these globalist xxxxxxs in DC and NY were directly responsible.
We’ll have nothing.
BUMP and tagline BUMP!
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