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  • Monster Prediction From BofA: Another US Debt Downgrade Is Coming In Just A Few Weeks

    10/22/2011 9:17:42 AM PDT · by TigerLikesRooster · 19 replies
    Business Insider ^ | 10/22/11 | Joe Weisenthal
    Monster Prediction From BofA: Another US Debt Downgrade Is Coming In Just A Few Weeks Joe Weisenthal | Oct. 22, 2011, 7:04 AM | 4,055 | 48 In an analyst note, Bofa/ML Ethan S. Harris drops a bit of a bombshell prediction: We expect a moderate slowdown in the beginning of next year, as two small policy shocks—another debt downgrade and fiscal tightening—hit the economy. The “not-so-super” Deficit Commission is very unlikely to come up with a credible deficit-reduction plan. The committee is more divided than the overall Congress. Since the fall-back plan is sharp cuts in discretionary spending, the...