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Reply #30: Don't take my word for it. See what happens to firms and governments when their Bonds are rated down [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009)

stevenleser

(1000+ posts) Send PM | Profile | Ignore

Wed Jul-08-09 11:52 PM
Response to Reply #26

30. Don't take my word for it. See what happens to firms and governments when their Bonds are rated down

Do the research so you can see what the impact is. The WSJ says it would take 1 Trillion to 1.5 Trillion dollars out of the economy.

See how anxious other countries get at the mere suggestion this may happen to them and the impact on their currencies, etc. Here are a few articles to get you started:

http://news.theage.com.au/breaking-news-business/bond-market-retreats-on-uk-ratings-woes-20090522-bi57.html

http://ph.news.yahoo.com/rtrs/20090702/tbs-markets-euro-ireland-7318940.html

http://www.realtor.org/research/economists_outlook/quicktakes/quick052209ly

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