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U.S. Downgrade Heralds a New Financial Era

Mohamed A. El-Erian | Posted 10.06.2011 | Business
Mohamed A. El-Erian

There will be endless debate on whether S&P was justified in stripping America of its AAA rating. But this historic action has now taken place, and the global system must adjust. There are consequences, uncertainties, and a silver lining.

Stock Market Plunges. The Free-Market God Is Angry With His Followers!

Richard (RJ) Eskow | Posted 10.02.2011 | Business
Richard (RJ) Eskow

No sooner did the president and Boehner announce their agreement than the stock market fell dramatically. The all-knowing Stock Exchange, that Delphic Oracle of their cult, has looked upon their handiwork... and frowned.

Cracks on the Debt Ceiling

Dinkar Jain | Posted 10.01.2011 | Comedy
Dinkar Jain

Aug 2, Washington DC. The saints of Mount Rushmore have perhaps never been rushed more. Yesterday, the US narrowly averted default in a highly unantic...

Dan Froomkin

Who Put Them In Charge? | Dan Froomkin | Posted 09.27.2011 | Politics

WASHINGTON -- The chances that credit-ratings agencies will downgrade U.S. debt have been exaggerated, a senior analyst for an investment bank wrote i...

Why Are Discredited "Agencies" Like S&P Dictating Our Economic Future?

Richard (RJ) Eskow | Posted 09.23.2011 | Politics
Richard (RJ) Eskow

S&P knows exactly what it is, and so should everyone else. It's the for-profit company which, while masquerading as an "agency," bartered its coveted AAA ratings for increased profits. The real question is why?

Americans Can Ill-Afford This Debt Ceiling Debacle

Mohamed A. El-Erian | Posted 09.23.2011 | Politics
Mohamed A. El-Erian

It will come down to the wire; and when the stopgap compromise is reached, many in Washington will declare victory and claim credit for averting a national disaster. Yet the resolution will likely be temporary, and the damage will be real and long-lasting.

Moody's Warns It May Downgrade Muni Debt Rating

Posted 08.30.2011 | Business

NEW YORK (Walter Brandimarte) - Moody's on Wednesday warned it may downgrade some Aaa-rated U.S. states and municipalities if the country loses its to...

IMF Cuts U.S. Growth Forecast, Warns Against 'Playing With Fire'

Posted 08.17.2011 | Business

SAO PAULO (Luciana Lopez) - The International Monetary Fund cut its forecast for U.S. economic growth on Friday and warned Washington and debt-ridden ...

Chrystia Freeland: The Real Cost Of Diminished U.S. Clout | Posted 06.25.2011 | Business

Now, as the relative power of the United States in the global economy declines, it is a fact of life that Americans need to get used to, too. That is ...

U.S. Credit Outlook Downgraded By S&P

Posted 06.18.2011 | Business

NEW YORK: Standard & Poor's on Monday downgraded its credit outlook for the United States, citing a risk that policymakers may not reach agreement on ...

Spain Is Not Close to Bankruptcy: Amalgamation Should Not Mean Contagion

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

I happened to be in Madrid last week on the day Spain was downgraded. It was portrayed by the media as a catastrophic situation. Now is not the time for over dramatization.

Product Warranty Proposal for the Ratings Agencies

Kim Davis | Posted 05.25.2011 | Business
Kim Davis

An enduring mystery of the debate about regulatory reform is the extent to which the ratings agencies are a second order issue of concern.

The National Interest

Max Fraad Wolff | Posted 05.25.2011 | Business
Max Fraad Wolff

Legislative and media attention is rotating from health care to financial reform. Yet few are talking about the balance sheet of the Federal Government. Historically they don't. We have seen this story unfold before.

U.S. Debt Rating Is Safe - For Now, Warns Moody's

Posted 05.25.2011 | Business

(By PAN PYLAS, AP) -- The United States and Britain are more likely than Germany and France to witness an embarrassing downgrade of their top debt rat...

Why it Is Not Smart to Short the Euro

Georges Ugeux | Posted 05.25.2011 | World
Georges Ugeux

It took three years to execute the colossal task of changing currencies into Euros. The Euro is essential, and the current decision reinforces the European common currency.

Why the United States Might Lose its AAA Rating

Georges Ugeux | Posted 05.25.2011 | Home
Georges Ugeux

A downgrade of the AAA rating of the United States would have profound consequences on our international reputation and leadership. We certainly do not need the aggravation.

PIMCO's Gross: U.S. At Risk Of Losing Top AAA Rating

Reuters | Jennifer Ablan | Posted 05.25.2011 | Business

Bill Gross, manager of the world's biggest bond fund, warned on Thursday the United States will eventually lose its top AAA credit rating, a fear that...