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The ramifacations of the down grade on monday will be!!!!
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[quote:Mind Bender:MV8xNTg1NjEwXzI2MjUzMjAxX0U1OTk5M0E5] so far im on spot for the downgrade! Obama waited to late to address the issue. He should have spoken no later than sunday afternoon instead of his weekend retreat. It just goes to show; he careless about our nation. I really think he is doing his best to destroy our once great nation. [/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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