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The ramifacations of the down grade on monday will be!!!!

 
Mind Bender  (OP)

User ID: 1495378
United States
08/05/2011 10:03 PM
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Re: The ramifacations of the down grade on monday will be!!!!
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: Rickster58


Yea 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
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08/05/2011 10:06 PM
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Re: The ramifacations of the down grade on monday will be!!!!
guys the weekend hasn't even started. get outside and enjoy the sunlight, let the doom come all in good time.
 Quoting: cremefraiche


lol yea I know. doom arrives at its own time
Anonymous Coward
User ID: 1396103
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08/05/2011 10:06 PM
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Re: The ramifacations of the down grade on monday will be!!!!
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.
 Quoting: Mind Bender


Dollar loses its RC status!!
 Quoting: Anonymous Coward 1495397


what fucking replaces it?

and don't say the fucking euro or the juan.
 Quoting: Anonymous Coward 809904


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
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Re: The ramifacations of the down grade on monday will be!!!!
the market has already reacted to the downgrade. why do you think the dow dropped 500 pts yesterday. \
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
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Re: The ramifacations of the down grade on monday will be!!!!
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.
 Quoting: Mind Bender


Dollar loses its RC status!!
 Quoting: Anonymous Coward 1495397


what fucking replaces it?

and don't say the fucking euro or the juan.
 Quoting: Anonymous Coward 809904


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
 Quoting: Anonymous Coward 1396103


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
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Re: The ramifacations of the down grade on monday will be!!!!
the market has already reacted to the downgrade. why do you think the dow dropped 500 pts yesterday. \
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.
 Quoting: Anonymous Coward 1493864


I notice early last week also when the august rate projections showed a slight increase.
Mind Bender  (OP)

User ID: 1495378
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08/05/2011 10:23 PM
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Re: The ramifacations of the down grade on monday will be!!!!
The spin is on; CNN trying to blame standard and poors for announcing the down grade, They are saying that moodys has yet to announce anything and that Standard had over stated the deficit numbers
Anonymous Coward
User ID: 1183343
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08/05/2011 10:31 PM
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Re: The ramifacations of the down grade on monday will be!!!!
So the U.S. is now less creditworthy than France? Interesting!
Anonymous Coward
User ID: 1183343
United States
08/05/2011 10:31 PM
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Re: The ramifacations of the down grade on monday will be!!!!
the market has already reacted to the downgrade. why do you think the dow dropped 500 pts yesterday. \
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.
 Quoting: Anonymous Coward 1493864


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
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Re: The ramifacations of the down grade on monday will be!!!!
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 1418082


think what you want but based on economics any time your credit rating drops it cost you more money to borrow
 Quoting: Mind Bender


and you will not have access to the same level of liquidity!!
 Quoting: Anonymous Coward 1495397


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
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Re: The ramifacations of the down grade on monday will be!!!!
So the U.S. is now less creditworthy than France? Interesting!
 Quoting: Anonymous Coward 1183343


no US still better rating than France
Mind Bender  (OP)

User ID: 1495378
United States
08/05/2011 10:42 PM
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Re: The ramifacations of the down grade on monday will be!!!!
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 1418082


think what you want but based on economics any time your credit rating drops it cost you more money to borrow
 Quoting: Mind Bender


and you will not have access to the same level of liquidity!!
 Quoting: Anonymous Coward 1495397


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.
 Quoting: Anonymous Coward 1280771


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
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08/05/2011 10:54 PM
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Re: The ramifacations of the down grade on monday will be!!!!
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
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08/07/2011 12:34 PM
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Re: The ramifacations of the down grade on monday will be!!!!
bump
Mind Bender  (OP)

User ID: 1498425
United States
08/08/2011 02:36 PM
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Re: The ramifacations of the down grade on monday will be!!!!
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.





GLP