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The Idiot’s Guide to the U.S. credit downgrade
On August 5, Standard and Poor’s downgraded the U.S.’s sterling AAA sovereign credit rating to AA+. But what does this really mean for consumers and citizens? The good people at Visible have compiled a very useful guide to help steer one through the ups and downs of credit ratings. Click here or on the image below for a larger graphic.
Source: Visible, August 17, 2011 (hat tip: The Big Picture). More on this topic (What's this?) Why the U.S. Credit Rating Downgrade Could Cause a Full-Fledged Market Crash (Money Morning, 8/9/11) US Debt Downgraded Again (Learn Mining News, 8/17/11) Au Revoir, AAA: Standard & Poor’s Downgrades France’s Credit Rating (Wall Street Daily, 1/13/12) 1 comment to The Idiot’s Guide to the U.S. credit downgradeLeave a Reply |
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By Prieur du Plessis, on August 19th, 2011 posted in: 
Email
China’s cut in reserve requirements – very bullish for stocks
Wolf and Authers on Greece
Prieur’s Readings (Feb 21, 2012)
Daily market update (Feb 21, 2012): Figuring out oil’s next target
Election of University of Stellenbosch Council members – support Prieur du Plessis
You realize the information on this graphic is scrambled? Either reverse the dates or reverse the information on the timeline.
But I like the idea. I wouldn’t call this an “idiot’s guide”, however. No “idiot” will read and follow this.