The ramifacations of the down grade on monday will be!!!! | |
Mind Bender (OP) User ID: 1495378 United States 08/05/2011 10:03 PM Report Abusive Post Report Copyright Violation | Try getting a home or business loan on Monday ... the lending criteria will have changed by then and you may not qualify. Expect banks to require more collateral on any transactions they approve. Quoting: Rickster58Yea you my be right. I had a mortgage broker business for many years and they will freeze the ability to lock a rate in until they re-adjust the yeilds due to the market change. |
Mind Bender (OP) User ID: 1495378 United States 08/05/2011 10:06 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1396103 United States 08/05/2011 10:06 PM Report Abusive Post Report Copyright Violation | 1. On monday meetings will be taking place to determine the effects of the down grade on all aspect of operations. Quoting: Mind Bender2 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. Dollar loses its RC status!! what fucking replaces it? and don't say the fucking euro or the juan. it will be a new currency, they'll call it a basket currency(group of countries currencies tied together). we will then move to the amero cuz it will only make sense since our economies are so closely tied, not to mention that it will strengthen the new wold currency. small countries will either accept od pay the consequences |
Anonymous Coward User ID: 1493864 United States 08/05/2011 10:13 PM Report Abusive Post Report Copyright Violation | we will see a steady decline of the dow for another 7 to 10 % as it corrects for being overbought. gold and silver will start to rise in price again. |
Mind Bender (OP) User ID: 1495378 United States 08/05/2011 10:13 PM Report Abusive Post Report Copyright Violation | 1. On monday meetings will be taking place to determine the effects of the down grade on all aspect of operations. Quoting: Mind Bender2 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. Dollar loses its RC status!! what fucking replaces it? and don't say the fucking euro or the juan. it will be a new currency, they'll call it a basket currency(group of countries currencies tied together). we will then move to the amero cuz it will only make sense since our economies are so closely tied, not to mention that it will strengthen the new wold currency. small countries will either accept od pay the consequences I doubt there will be a currency change. I have heard of the amero (mexico, canada, and the us) but i dont think that would happen at this point in time. |
Mind Bender (OP) User ID: 1495378 United States 08/05/2011 10:15 PM Report Abusive Post Report Copyright Violation | the market has already reacted to the downgrade. why do you think the dow dropped 500 pts yesterday. \ Quoting: Anonymous Coward 1493864we will see a steady decline of the dow for another 7 to 10 % as it corrects for being overbought. gold and silver will start to rise in price again. I notice early last week also when the august rate projections showed a slight increase. |
Mind Bender (OP) User ID: 1495378 United States 08/05/2011 10:23 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1183343 United States 08/05/2011 10:31 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1183343 United States 08/05/2011 10:31 PM Report Abusive Post Report Copyright Violation | the market has already reacted to the downgrade. why do you think the dow dropped 500 pts yesterday. \ Quoting: Anonymous Coward 1493864we will see a steady decline of the dow for another 7 to 10 % as it corrects for being overbought. gold and silver will start to rise in price again. It wasn't reacting to the downgrade, it was reacting to Europe. |
Anonymous Coward User ID: 1280771 United States 08/05/2011 10:35 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 1418082think what you want but based on economics any time your credit rating drops it cost you more money to borrow and you will not have access to the same level of liquidity!! 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. |
Mind Bender (OP) User ID: 1495378 United States 08/05/2011 10:41 PM Report Abusive Post Report Copyright Violation | |
Mind Bender (OP) User ID: 1495378 United States 08/05/2011 10:42 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 1418082think what you want but based on economics any time your credit rating drops it cost you more money to borrow and you will not have access to the same level of liquidity!! 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. No we will still need lines of credit to purchase big ticket items. so I dont see a total cash society |
Mind Bender (OP) User ID: 1495378 United States 08/05/2011 10:54 PM Report Abusive Post Report Copyright Violation | Market is still very uncertain on which way to go when they open on monday. I still feel that the Pres has to address the nation today or monday to control panic selling. Last Edited by Mind Bender on 08/07/2011 12:31 PM |
Mind Bender (OP) User ID: 1497107 United States 08/07/2011 12:34 PM Report Abusive Post Report Copyright Violation | |
Mind Bender (OP) User ID: 1498425 United States 08/08/2011 02:36 PM Report Abusive Post Report Copyright Violation | 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. |