h******o
发帖数: 6113 | 1 Former Federal Reserve Chairman Alan Greenspan said he expects stocks to
continue their decline after Standard & Poor’s downgraded the nation’s
credit rating, even as an S&P official predicted little market impact.
“Considering the momentum in which the market went down over the last week,
it is very unlikely, if history is any guide, that this isn’t going to
take a while to bottom out,” Greenspan said on NBC’s “Meet the Press”
program. “So the initial reaction in my judgment is going to be negative.”
The Aug. 5 downgrade followed the biggest weekly selloff in U.S. stocks in
32 months, with the S&P 500 Index (SPX) slumping 7.2 percent to its lowest
level since November. S&P’s managing director of sovereign ratings, David
Beers, said he doesn’t expect markets to react significantly when they open
tomorrow.
“Based on historical experience, we wouldn’t expect that much financial
impact,” Beers said today on the “Fox News Sunday” program. “The markets
are reacting to a lot of factors, not just what S&P said on Friday.”
Greenspan said U.S. government bonds are safe investments. “Very much so,”
he said. At the same time the S&P downgrade, which stemmed from the
political clash over the debt limit, “hit a nerve that there’s something
basically bad going on,” Greenspan said.
Seeking a Haven
Investors seeking a haven amid concerns the global economic rebound is
fading have bought Treasuries in recent weeks, even after S&P warned it
might lower the U.S. rating. Yields on benchmark 10-year notes closed at 2.
56 percent Aug. 5, before S&P announced its decision, down from 3.12 percent
a month ago.
The dollar weakened against the euro and yen and dropped to a record versus
the Swiss franc in early Asia-Pacific trading following the S&P downgrade.
The dollar fell to 77.70 yen, from 78.40 on Aug. 5. The U.S. currency
depreciated to $1.4357 to the euro, from $1.4282. The dollar touched 74.85
Swiss centimes before trading at 75.16, from 76.74 last week.
Greenspan predicted the economic slowdown would stop short of becoming a new
recession. “I don’t see a double dip but I do see it slowing down,”
Greenspan said.
The U.S. Treasury Department says S&P made a $2 trillion mistake in its
calculations. The department said in a statement that “there is no
justifiable rationale” for the move.
S&P isn’t ruling out the possibility of a second downgrade. The company has
a “negative outlook” on the U.S., signifying a one-in-three chance of a
cut in the next six to 24 months, John Chambers, chairman of S&P’s
sovereign debt committee, said on ABC’s “This Week.”
Another Downgrade?
“If the fiscal position of the United States deteriorates further, or if
the political gridlock becomes more entrenched, then that could lead to a
downgrade,” Chambers said.
Two other ratings companies, Moody’s Investors Service and Fitch Ratings,
affirmed their AAA credit ratings for the U.S. on Aug. 2, the day Obama
signed a bill that ended the debt-ceiling impasse. Moody’s and Fitch both
said downgrades were possible if lawmakers fail to enact debt reduction
measures and the economy weakens.
Austan Goolsbee, who stepped down last week as chairman of President Barack
Obama’s Council of Economic Advisers, said on NBC’s “Meet the Press”
that the conflict over the federal deficit was threatening to divert
attention from sagging economic growth.
“There is a danger that if we just keep saying the number one thing we have
to talk about is all about the short run deficit, we are losing sight of
the fact that we’ve got to reignite the engine of job growth,” said
Goolsbee, who is returning to his teaching position at the University of
Chicago.
‘Tea Party Downgrade’
Lawrence Summers, former top economic adviser to President Obama, called S&P
’s downgrade from AAA to AA+ “outrageous” on CNN’s “State of the Union
” and said that American families “are going to be the losers” because
House Republicans “played chicken with America’s creditworthiness.”
Democratic and Republican lawmakers traded blame for both the debt and the
downgrade.
Democratic Senator John Kerry of Massachusetts said blame lay with the Tea
Party movement and the House Republicans who he said were willing to let the
nation default rather than consider a budget compromise.
“This is the Tea Party downgrade because a minority of people in the House
of Representatives countered even the will of many Republicans in the United
States Senate,” Kerry said.
U.S. Senator Lindsey Graham, a South Carolina Republican, said Congress and
the president would have avoided losing the AAA credit rating had they
listened to Tea Party Republicans and passed $4 trillion in spending cuts.
“The Tea Party hasn’t destroyed Washington,” Graham said on CBS’s “Face
the Nation” program. “Washington was destroyed before the Tea Party got
there.”
Republican Senator John McCain of Arizona, who lost the 2008 presidential
election to Democrat Barack Obama, said the president had failed to offer a
plan to lead the country out of unsustainable budget deficits and debt.
“Don’t shoot the messenger,” McCain said. “Is there anybody that
believes that S&P is wrong in their assessment of the fiscal situation of
this country?” | w**j
发帖数: 1032 | 2 做空和买股票有仇,
有你的活就没我的活路啊.
大家快来打他 | h******o
发帖数: 6113 | 3 至道无难
唯嫌拣择
但莫憎爱
洞然明白
正所谓
天上日上时月便下，
秋天山深时水便寒
面壁是道，
空多皆真。
【在 w**j 的大作中提到】
: 做空和买股票有仇,
: 有你的活就没我的活路啊.
: 大家快来打他
| w**j
发帖数: 1032 | 4
就是在他当FED头的时候把经济危机搞起来的.
然后看不行了要出事了,就退了. | c**u
发帖数: 2230 | | m********l
发帖数: 4394 | 6 do you believe this:
" Standard & Poor’s downgraded the nation’s
credit rating, even as an S&P official predicted little market impact."
????
I don't blame S&P for downgrading, but how can they try to downplay this?
I loved Warren Buffett too. But would anyone willing to give US a quadruple
A rating?
美国早被掏空了
【在 w**j 的大作中提到】
:
: 就是在他当FED头的时候把经济危机搞起来的.
: 然后看不行了要出事了,就退了.
| v*****k
发帖数: 7798 | 7 老格不是说过么，你要是明白我在说啥，你肯定错了。lol 不过我也看空 | M*****8
发帖数: 17722 | 8
....................
他多年来努力帮助墙街的自己人。
老中对自己人的行动则完全相反。
老中在米国地位不如黑墨三乃自取。
【在 w**j 的大作中提到】
:
: 就是在他当FED头的时候把经济危机搞起来的.
: 然后看不行了要出事了,就退了.
| i*********n
发帖数: 610 | 9 这个不是你喜欢的民主党在克林顿时期搞的吗。
quadruple
【在 m********l 的大作中提到】
: do you believe this:
: " Standard & Poor’s downgraded the nation’s
: credit rating, even as an S&P official predicted little market impact."
: ????
: I don't blame S&P for downgrading, but how can they try to downplay this?
: I loved Warren Buffett too. But would anyone willing to give US a quadruple
: A rating?
: 美国早被掏空了
| m********l
发帖数: 4394 | 10 有人真是善忘 （NC?)
如果克林顿时期的美国被掏空了， 那， BUSH哪有钱给富人？
【在 i*********n 的大作中提到】
: 这个不是你喜欢的民主党在克林顿时期搞的吗。
:
: quadruple
| i*********n
发帖数: 610 | 11 知道affordable housing是谁搞的吗？
【在 m********l 的大作中提到】
: 有人真是善忘 （NC?)
: 如果克林顿时期的美国被掏空了， 那， BUSH哪有钱给富人？
|
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