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08-07-2011, 6:07pm | #1 | ||||||
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'Markets in Turmoil'
CNBC to Air 'Markets in Turmoil' Special as Asian Markets Open Sunday
Tonight CNBC to Air 'Markets in Turmoil' Special as Asian Markets Open Sunday - CNBC US - News on News Following a tumultuous week on Wall Street, Standard and Poor's downgraded the US credit rating to AA+ late on Friday. UPDATE ~ CNBC have announced that the show will now air between 8pm and 10pm ET, rather than the 9pm ET start time as previously reported. The first time that the markets will get to react to the news will be late on Sunday, when the markets in Asia open for trading. CNBC will be airing a live special at 8pm ET anchored by Maria Bartiromo and Bill Griffeth, looking at the week ahead with analysis and opinion from a panel of experts, and also live reports from Europe where concerns of a spreading debt crisis contributed to last week's downward movement in world markets. The show will also feature live reports from Asia where the markets will be into their first few hours of trading, and will be the first markets to react to the US sovereign credit downgrade. |
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08-07-2011, 6:24pm | #2 | ||||||
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Trust me, if it's the truth the Cons will deny it and blame the evil Liberal Media is after them.
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08-07-2011, 7:35pm | #3 | ||||||
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S & P Downgrader Never Studied Economics, has a Master’s In English Lit.
John Chambers Of S&P Didn't Study Economics | Mogulite Standard & Poor’s has taken quite a hit for its downgrading of the U.S. credit this week. First, there was the apparent $2 trillion miscalculation, then Warren Buffett said the downgrading was a ridiculous measure, and talking heads have cried in outrage. Here’s one thing that doesn’t help: the face of S&P is a liberal arts guy with a masters in English literature, who never studied economics. The New York Post notes that John Chambers, managing director at S&P who’s been a public face for the agency, is a graduate of the liberal arts-focused Grinnell College who then got an English master’s at Columbia. Impressive, but not quite your usual Wharton undergrad/Harvard Business School pedigree. Gasp! Chambers could continue to get more heat in the coming weeks and months. Appearing this morning on ABC’s This Week, Chambers said there’s a 1 in 3 chance that S&P will downgrade the U.S. credit rating even further, in the next 6 months to 2 years. Some have argued that the three leading credit agencies are given an unfair amount of power. The ratings they dole out tend to be taken as fact, which can drive markets and cause panic. On another note, if you’re a liberal arts type looking to become a Ruler of the Universe, there’s hope. John Chambers |
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08-07-2011, 7:50pm | #4 | ||||||
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Are two complaining about the downgrade or thinking it was deserved?
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08-07-2011, 7:56pm | #5 | ||||||
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I'm gonna reserve judgment until I scrutinize Credit Agency Soverign Debt Rating methodology which apparently was altered back with Bush that allowed for over-rating of Bundled Securiites (allowing for derivatives they weren't regulated) and under-estimating risk and this was the genesis of the 2008 economic collapse and great depression ... and how this had such a destructive impact on an economy that essentially became inert .. (in it's fail-safe systems since 1929)
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08-07-2011, 8:12pm | #6 | ||||||
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Trump giving his opinions ... blaming Obama for allowing Corps. and Big Oil to run amok ... and the whole outsourcing thing (how old was Obama when that started to happen ? ... about 9 ? )
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08-07-2011, 8:16pm | #7 | |||||||
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I believe if you go back far enough - Maybe under Bush 41, you'll find some serious deregulating of various elements of the banking industry that incubated the largess of the 90's and first decade of this century. I believe Phil Gramm was one of those culprits. Our system has created a perfect storm for this current disaster - Republicans who want smaller government and reduced regulation and Democrats who want wider spending, easier credit for low-income households and expanded social programs. Between the two, the whole mess was ripe for abuse from top, bottom and both sides. |
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08-07-2011, 8:25pm | #8 | |||||||
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08-07-2011, 8:39pm | #9 | ||||||
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The last thing you want to do is break it down to simple addition.
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08-07-2011, 8:46pm | #10 | ||||||
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08-07-2011, 9:08pm | #11 | |||||||
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I won't give Bush a pass on the deficits he created, but there was legitimate warfare in Afghanistan and the expansion of Homeland Security ate up a lot of it. The simple fact is we haven't balanced a budget in decades and it has to become a priority. |
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08-08-2011, 6:35am | #12 | |||||||
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So now America has to create 5 million new high-paying jobs per year just to maintain *economic solvent* ... good luck with that as we send the future overseas ... Last edited by Exotix; 08-08-2011 at 6:45am. |
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08-08-2011, 6:52am | #13 | ||||||
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Isn't funny how when I brought up the Market gains over the last two (2) years, you'd never get so much as a peep out of these guys. But let the market make any turns ... and BAM.
Kinda reminds me of the Gas debate ... hear anything from them lately? |
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08-08-2011, 6:58am | #14 | ||||||
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Feels like ‘Armageddon’: Global stock markets fall after US downgrade.
Wall Street set for sharp drop; ‘Investors are concerned about a rising risk of global recession,’ analyst says. Today Feels like ?Armageddon?: World markets fall - Business - World business - msnbc.com Wall Street is set to plunge at Monday’s open after rating agency Standard & Poor’s cut the top-tier AAA credit rating of the United States, rattling already jittery investors. The agency’s move came late Friday after a wild week for U.S. stocks — the worst in more than two years — as lingering concerns about sluggish economic growth and heavy public debt loads in developed economies dented investor sentiment. U.S. stock index futures point to a decline of over 200 points on the Dow Jones industrial average at the start of trading Monday. Global stock markets sank again Monday as worries about the downgrade of U.S. debt outweighed relief at a European Central Bank pledge to buy up Italian and Spanish bonds to help the two countries avoid devastating defaults. (Read continues in Link) Video inside |
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08-08-2011, 7:05am | #15 | |||||||
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08-08-2011, 7:21am | #16 | |||||||
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08-08-2011, 7:23am | #17 | |||||||
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08-08-2011, 8:08am | #18 | |||||||
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he has even said that was a mistake. day late and dollar short of course. Our whole economic mess can be traced directly back to your hero clinton. |
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08-08-2011, 8:10am | #19 | ||||||
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08-08-2011, 8:15am | #20 | ||||||
Barn Stall Owner #63
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