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carrierpigeon
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The Credibility Crash - Eric Coffin - Hard Rock Analyst

>>>The US deficit deal led to the loss of S&P’s AAA rating. The announcement rocked markets worldwide but should not have been a surprise. The credit rater drew a line in the sand months earlier, insisting a plan to cut $4 billion from US federal deficits over 10 years was the minimum requirement for keeping AAA.

The Washington agreement promises $2.4 billion in cuts and most of that must be determined by a committee certain to be as fractious as this month’s political farce. <<<

Really guys, its the details. You're influence is based in your detailed analysis and when you're saying BILLIONS when you are referencing TRILLIONS, a mere 1,000-fold mistake, one paragraph after another, shows a distinct lack of attention to detail.

Commented 4626 days ago

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Beginning of the headline :Things turned hard in the markets since the last issue, and not in a good way. A lot of bad news has been priced into the market. At this point only time will tell whether that has impacted people hard enough to tip the slow growing developed countries into recession. Whichever way things go, it’s going to be close... Read More

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