Wednesday, January 17th, 2018

Senate passed the debt ceiling bill today with a bi-partisan vote 76-24. This takes off the threat of US default on its debt obligations and possible credit downgrades which may still happen. The world will live and US markets will live ,because today is August 2 , 2011 and if this bill had not passed, […]

S&P downgrades US Treasury debt for the first time in history sending financial markets into turmoil. The market plunged 300 points at the open and now is extremely oversold here. This downgrade was no surprise and the wrangling in Congress over debt ceilings last two weeks have contributed to the negative outlook. S&P further downgraded […]