You’d be forgiven for asking who cares about Moody’s downgrading yesterday of 15 of the world’s biggest banks, including …
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Is India’s Growth Story Over?
Is India heading towards the end of its much-touted growth story? A report by global credit rating agency Standard and Poor’s (S&P) released on June 11 seems to suggest so. Titled “Will India be the first BRIC fallen …
Why Europe’s Downgrades Matter
Rating agencies have just downgraded the economic outlook for seven European countries. Does that really matter, or is it just acknowledging problems that everyone already knows about?
Why A New Leader Won’t Save S&P
It’s tempting to read the resignation of Deven Sharma, who stepped down as president of S&P Monday night, as an admission that the rating agency goofed in downgrading the United States’ sovereign rating from AAA to AA+, even as Fitch and Moody’s maintained America’s top grade. Warren Buffett said the U.S. should be rated “quadruple A.” …
Gas Prices Are Expected to Drop Big Time, But When?
Since May, the national average for a gallon of gas has dropped from $3.95 to the current price of $3.63. The experts predict that you’ll save even more the longer you wait to fill up. Crude oil prices have dropped sharply over …
Deal or No, the U.S. May Be Downgraded: Why Investors Can’t Rest Easy in the Short Term
At a reception this past weekend for former Secretary of State Henry Kissinger, who is promoting his new book, On China, the onetime statesman said he had never seen Democrats and Republicans so at odds. It wasn’t hyperbole. He …
