Tuesday, 26 July 2011

Bloomberg - U.S. Rating Downgrade is Now ‘Base Case’: ISI

In this article from Bloomberg, it seem certain that agencies like S&P will most likely downgrade US triple A rating by one notch down to double A, even if there is an outcome from the debt talk before 2nd August.

Here is the article from Bloomberg

From this, we have to admit that the whole episodes at the main street is really killing wall street. Dows and S&P 500 is down 0.58% and 0.29% respectively, USD is getting kickdown against other currencies; safehaven like Swiss CHF and Japanese YEN is higher than USD; clearly its a risk-off trading period until market gets certainty from main street.

Will Main street able to save Wall Street?

Renomic

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