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Standard & Poor's says current fiscal cliff talks are not likely to have any effect on its...

Standard & Poor's says current fiscal cliff talks are not likely to have any effect on its current AA+/A-1+ ratings on the U.S. government after already lowering them in August. S&P sees a contracting economy if there is no agreement, but says any deal likely would prove "insufficient to place the U.S. medium-term public finances on a sustainable footing."
Comments (6)
  • S&P should just come out and say that the cliff will have the positive ramification of improving the US fiscal picture in the medium-to-long term
    28 Dec 2012, 04:26 PM Reply Like
  • 10 year treasury yield August 5th 2011...2.58%,,,,today 1.70%
    28 Dec 2012, 04:29 PM Reply Like
  • bbro
    And when the number reverses, fasten your seat belt for a bumpy ride that ain't gonna end well.
    28 Dec 2012, 04:34 PM Reply Like
  • "When the number reverses"....lots of corpses owning TBT....looking
    to sell TLT out of the money calls if yields spike down....
    28 Dec 2012, 04:50 PM Reply Like
  • This history of the ratings agencies is that they are reactionary and have no clue as to what the future holds
    28 Dec 2012, 04:35 PM Reply Like
  • I have no idea what the future holds either but I do know that 16.4 Trillion in debt and climbing is bad.
    28 Dec 2012, 04:45 PM Reply Like
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