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Credit Credit Downgrades

  • Dr. Marc Faber

    Marc Faber, who predicted just last week that a bear market was on its way back, says the current selloff in equities is overdone and he expects a short-term rebound.

  • Conclusive Proof of Recession Yet to Come

    Geoff Lewis, Head of Investment Services at J.P. Morgan Asset Management, thinks that the recent market fluctuations are not conclusive enough to say we are heading to recession.

  • Unintended Victims of US Downgrade

    A look at the unintended consequences of the S&P downgrade, with CNBC's Brian Sullivan.

  • Dow Closes Down 5.6%

    Stocks closed at their lowest levels in ten months, with Mad Money host Jim Cramer.

  • What Role did Machines Play?

    Discussing whether high frequency trading machines exacerbated the market selloff today, with the Fast Money traders.

  • AAA_rating_cracked_200.jpg

    Standard & Poor's president defended his company's downgrade of the U.S. triple-A credit rating, saying S&P had no political agenda and was not overcompensating for missing the subprime mortgage mess that precipitated the current economic situation, the president said.

  • traders_4.jpg

    During a period like this, with stocks plunging almost on a daily basis, it’s clear that fear and shock are ruling the roost. But fear can be overdone. As someone who has been around awhile and has seen many sell-offs, let me offer some advice: Do not panic. Market corrections come and go. They are not the end of the world. Most times they are actually healthy.

  • S&P Defends Its Decision

    Defending the credit agency's decision to downgrade U.S. debt, with Deven Sharma, Standard & Poor's president.

  • Bernanke Testifies to Congress on U.S. Monetary Policy

    Ben cut interest rates to zero, devised a zillion bowls of "alphabet soup" rescue programs as the Wall Street Journal put it, and bought every bond put out for bid and ballooned the Fed's balance sheet by trillions. Maybe it saved us from disaster, but we haven't seen the growth expected.

  • Stack of U.S. hundred-dollar bills

    S&P is  worried about "what you're going to get in terms of the payback is going to worth a lot less, Gundlach said. "But that is not their job."

  • Even as Standard & Poor's continued to issue ratings downgrades in the wake of its downgrade of the US, rival ratings agency Moody's reaffirmed the country's AAA status.

  • Businessman with crystal ball

    Now that Standard & Poor's has done the unthinkable, you need to know who might take the next ratings hit. Here's the list, and how to trade it.

  • downgrading_us_credit_rating_200.jpg

    Why isn’t the price of U.S. Treasurys falling after the S&P downgrade; why are equities under pressure; and why is gold surging? Developments in Treasurys appear, at first sight, the most puzzling.

  • Speaker of the House Nancy Pelosi (D-CA) speaks during her weekly news conference at the US Capitol in Washington, DC.

    I hate to say it, but Nancy was right! I try to be apolitical. I think I succeed most of the time. Trashing both parties more or less equally allows me to stay balanced. So in that continuing effort to stay bland and uninteresting, I have to give mention to Nancy Pelosi who said a few weeks ago it might take a decline of hundreds of points in the market to get the Republicans attention.

  • Obama Addresses S&P Downgrade

    President Obama speaks out on the downgrade of U.S. debt, saying our problems do not stem from a lack of confidence in our credit, but rather our challenge is to control our deficits over the long term.

  • WOTS Now: Fitch & Moody's Next?

    The Fast Money traders weigh in on Bank of America; trade the downgrade, and wait on a possible downgrade from Moody's and Fitch, with Vincent Truglia, Granite Springs Asset Management.

  • Europe's Zone of Insolvency

    Insight into Europe's intractable financial problems and whether the bailout will cost Germany and France their AAA rating, with Kyle Bass.

  • man_with_chart_200.jpg

    The downgrade of U.S. sovereign debt by Standard & Poor's has provoked a range of reaction, from faith in the democratic process to derision about the politicians whose wrangling prompted  S&P's action. S&P hasn't been immune from criticism either.

  • capitol_building_sp_200.jpg

    This financial situation is no joke, but when times get tough, Americans cope by cracking wise.

  • 100_bills_stacked_up_200.jpg

    The markets around the world are rattled silly this morning by the first ever downgrade of the U.S. Government’s debt by Standard & Poors.  That is understandable but not, in my mind, rational.