The upcoming speech of the Federal Reserve chairman Ben Bernanke this coming Friday, August 26th brings many to speculate whether he will say, hint, smoke signal his intentions to issue a new stimulus plan, i.e. quantitative easing plan/ QE3. There…
Tag: US credit rating
Recommended posts for the weekend – August 14
The high volatility in the financial markets during last week has subsided by the end of the week after the stir up caused by the rating change by S&P of US’s credit rating. Before we enter a new week with…
Oil Prices – Daily Outlook August 12
Crude oil prices inclined for the second straight day (third for Brent oil) after they had fell during most of last week. The shift might be related, in part, to the recent rise in the stock market, including the S&P500.…
Recommended posts for the weekend – August 7
Last week ended with a dramatic announcement of Standard and Poor’s downgrade of US’s credit rating from AAA to +AA; the rumors behind this news are probably one of the factors that pulled not only stock markets, but also crude…
S&P downgraded US’s credit rating from AAA to AA+
Standard and Poor’s, one of the most important rating agency worldwide, announced yesterday it downgraded the US credit rating from AAA to +AA; This is a one level drop. It’s also the first time in US history that the United…