Saturday, 6 August 2011

Oh the huge manatee

So Standard and Poors cut the US credit rating to AA+.  It's not really going to do anything at all.  People still gonna invest money.

Couple of reasons -

The credit rating denotes how willing a country is to pay back their debts and how likely they are to default.  AAA means they make every effort to pay and there is zero chance of default.  AA+ means a hair less likely to pay back their debts and a 0.something % chance of default.

Also, Standard and Poors are a fucking joke.


  1. Well, I hope everything turns out for the best. I don't want to find myself in a huge (bigger) crisis.

  2. i hope this gets better with time

  3. Not worried about the credit rating.
    Am worried about the stock market on the downturn again and unemployment going up again.