Friday, August 23rd, 2019  |  5:24 PM

A Conservative Newspaper Promoting,
Life, Liberty, and the Pursuit of Happiness

Subscribe Now: Get your own copy of The US Journal

Math Vindicates S&P Debt Downgrade

Written By: Michael Pento  |  Posted: Thursday, February 9th, 2012

Standard & Poor's has been greatly vilified for their call to lower the U.S. credit rating to AA+ from AAA.  The evidence, naysayers point to, for their justification of excoriating S&P is the performance of Treasuries since the downgrade occurred.  Indeed, U.S. debt yields have fallen and the dollar has increased in the five months after being stripped of AAA.

In fact, foreigners increased their holdings of Treasuries in Q3 by $17.2 billion and now own nearly 50% of our marketable debt.  And 60% of their currency reserves are in U.S. dollars.  So there are no signs of panic yet.

Sign into your account to read the rest of this article. »

Share this on Twitter  |  Share this on Facebook  |  Email to a friend.  |  Contact the editor.

What are your thoughts?

Want to read more of this article?

You must be a subscriber to read entire articles.

Gain 24/7 access to all the content on this website by becoming a subscriber.
Choose your subscription plan and get full access in minutes. Subscribe now. »

If you are already a subscriber, sign in now to read more full articles.

More Business News

Subsidies Galore: Corporate Welfare

Gold Backed Currency?

Go For The GOLD!

Poor CEO Demands Raise Because He Can Only Afford $20M Vacation Home

What the Millennials Believe About the Future of Capitalism is Terrifying

Inflation is Coming

Why is Profit So Important?

End of Malls will not make Shopping any Better

Elderly - Get Out of Stocks and Mutual Funds

Thinking Outside the College Box