S&P downgrades US credit rating from AAA - Yahoo! News
Note: Making political comments may get you banned (not post deleted-- your *ss may actually get banned off this site if enough people complain)
For those who are new here, when something really big happens, we discuss how we can make money off of the change. We don't harp or make political banter or rants-- that's for other sites.
There will be hours (and hours, and hours) of political and economic oriented media coverage on this for the foreseeable future.
But on the Fastlane forums, we do something different.
We figure out how to profit from it.
So: Think.
How could you or your business potentially profit or prosper from a downgrade to US credit from AAA to AA?
Do read the article (link above). I find it fascinating that when a number of countries had their ratings reduced from AAA to AA, the long term effects actually trended up for them. How to explain that?
-Russ H.
Note: Making political comments may get you banned (not post deleted-- your *ss may actually get banned off this site if enough people complain)
For those who are new here, when something really big happens, we discuss how we can make money off of the change. We don't harp or make political banter or rants-- that's for other sites.
There will be hours (and hours, and hours) of political and economic oriented media coverage on this for the foreseeable future.
But on the Fastlane forums, we do something different.
We figure out how to profit from it.
So: Think.
How could you or your business potentially profit or prosper from a downgrade to US credit from AAA to AA?
Do read the article (link above). I find it fascinating that when a number of countries had their ratings reduced from AAA to AA, the long term effects actually trended up for them. How to explain that?
-Russ H.
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