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Subject
The ramifacations of the down grade on monday will be!!!!
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[quote:Anonymous Coward 1280771:MV8xNTg1NjEwXzI2MjA0MjU1X0NBQjQxNDND] [quote:Anonymous Coward 1495397] [quote:Mind Bender] [quote:Anonymous Coward 1418082] It will be like all the other doom predicted on this site. Nothing will happen. If by a stroke of drive by luck something does happen it will barely be a ripple in the pond. [/quote] think what you want but based on economics any time your credit rating drops it cost you more money to borrow [/quote] and you will not have access to the same level of liquidity!! [/quote] That means ya'll are going cash only. Some of us already have. I still have bank accounts, but there isn't much in there. Just enough to keep them open. [/quote]
Original Message
1. On monday meetings will be taking place to determine the effects of the down grade on all aspect of operations.
2 Fed will call meeting to determine the viability of increasing the fed rate by .50% to 1%
3. Rates will start to climb by late tuesday on wed. the latest
4. Price increase across the board for all products sold due to cost of funds increase
5. Pres to address the nation sunday or monday as soon as they can prep a speech to try to tell the sheeple its not that bad.
6. Should see a sell off of treasuries by foreign investors if they dont raise the rates.
7. Possible more layoff within 2 weeks of announcement due to the new costs the companies will incur.
8. Will see true inflation hit the door step big time.
This isn't major panic but what has to happen based on credit ratings it doesnt matter if its a person's credit, corporation's credit or the USA credit. Everything is based on risk and interest rates along with investments are risk based so the higher the risk the higher rates of return to the person lending the money, which means to people, corporations and the USA it will mean higher interest rates or as the old adage is the cost of doing business has just gone up.
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