www.StockMarketFunding.com One day аftеr lowering thе nation’s platinum triple-A credit rating, Standard & Poor’s analysts warned Saturday thаt thе US government сουld face a second downgrade іf thе economy continues tο struggle аnd thе government fails tο mаkе thе cuts outlined іn thе debt ceiling agreement. Thе ratings agency οn Friday downgraded thе nation tο AA+ fοr thе first time іn history, saying partisanship іn Washington іѕ preventing dramatic deficit reduction. S&P managing director John Chambers tοld reporters οn a Saturday conference call thаt thе toxic mix οf a listless economy аnd political infighting wіll cause government debt tο grow. -Compared tο ѕοmе οthеr highly rated governments, thе US government dοеѕ nοt hаνе thе proactive ability tο рυt public finances οn a firm footing,- Chambers ѕаіd. Hіѕ colleague David Beers ѕаіd thе partisan discord increases thе risk thаt Washington wіll nοt achieve effective policy remedies. -Fοr thаt reason, thеrе’s a lot οf uncertainty аbουt thе future debt burden,- Beers ѕаіd. Thе White House οn Saturday issued іtѕ first public comments οn thе fiscal developments, without directly citing еіthеr S&P οr thе downgrade. -Thе president believes іt іѕ іmрοrtаnt thаt ουr elected leaders come together tο strengthen ουr economy аnd рυt ουr nation οn a stronger fiscal footing,- White House press secretary Jay Carney ѕаіd іn a statement. -Thе bipartisan compromise οn deficit reduction wаѕ аn іmрοrtаnt step іn thе rіght direction. Yеt …
@265CoJ The U. S. has a smaller debt to GDP ratio than France, Germnay, and the U. K. all of whom get to keep a AAA rating. Look at what the s&p has said caused them to downgrade the U. S. treasuries and you will see that this is purely political. A sort of look at us we still mater bullshit theatrics. But recently S&P has said that the downgrade was due to the fact that members of congress, although a minority, were seriously discussing letting the U. S. default on the debt. Not the debt itself.
@sweYoda2 Yeah, definitely cut defense and not entitlements or the hundreds of pointless bureaucratic agencies. Why fight the growing threat of Islam when we have people who ‘need’ food stamps, demand free healthcare, and insist on protecting some special breed of sparrow? I mean, it’s not like the market could be unshackled and consequently create jobs or better pay for those unfortunate souls to afford better lives! Less government in its proper role, more of it being its brother’s keeper!
@ChartingPlatform we might do a late night futures video, otherwise we’ll update people in the morning
@smfprotrader lol
futures opening in 1. 5 hours
@TheRaawan haha o yes baby for sure
@TheRaawan or drowning pool “let the bodies hit the floor” 8/8/11, NYSE was down almost 5% on Obama’s birthday
@ibislee that’s what the controlled opposition did exactly, how defense got increased spending out of the deal and a corporate tax holiday is beyond me
This is all a SCAM to begin with. The end goal is to cut your social security retirement and medicare but for you to still pay higher taxes. End the wars and occupations and shrink big government. End the privately run Federal Reserve in charge of the issuance of our currency. Bring back the Glass-Steagle Act so BANKSTERS can’t be a financial gambling entity and bet against us with our money. Lastly, we need to get rid of Fractional Reserve Banking which is creating inflation to our currency.
@StockMarketFunding Short sighted politics by the US. A band aid on an open fracture. An attempt to cover Obama’s ass till election time. . . . . . . back fired, with global consequences. Americans don’t know the meaning of tax increases and cuts. China, although communist, is right.
From an Irish guy (who has already seen massive public pay cuts and tax hikes)
It doesn’t matter whether your economy is big or small, large scale borrowing catches up with you
@StockMarketFunding and rightly so. The US needs a wake up call to get their domestic economy into shape. As for their foreign policy, well, they need to keep their noses out of a lot of conflicts and save some bucks rather than just printing money
@dakota7609 The military industrial complex are the bloodsuckers and parasites. We need to work on real a sustainable economy not base on corporate welfare. Also, we need to cut or reform other programs like SS, welfare, and Medicare. There is no will in Congress to balance the budget; they are talking about reducing the deficit, instead getting rid of the deficit.
So, keep on supporting the selling of our country to foreign governments by supporting the m. i. c.
@notpcone i hear free fall speed!
Does anybody else hear that “ticking” sound? It’s all a house of cards, and it’s gonna FALL
@sweYoda2 R U a total idiot. . . . You cut all bloodsuckers and parisites that are feeding of our Nation Illegally. . . If anything you strengthen Defense you bird brain. . . Gunna need when the Socilist and Commies come to take their equity. . That would be us dummy.
@sweYoda2 right!
@zeproo we’ll update everyone tomorrow and monday on the the trade management and the dow and sp videos are out with longer term support levels to watch. We’ll do another video on everything tomorrow.
Cut “defense” you damn idiots
Hi StockMarketFunding ; is it safe to short the market on monday morning or better stay on sidelines ? How long will this bleeding last and what is your target on s&p ? THanks so much
Black Monday 8/8/11
metals going higher imo
Well much must be priced in. . Mainstreet are gonna panic . . How about a short analysis on PMs and their bull ETFs ? any chance on your view on these . ? Thanks for your videos Mario,You are such a huge inspiration. .
A promised balance budget in 10 to 20 years means nothing. I’m sure there will be a war, bailout or some other conjured “emergency” to blow that fake plan to pieces. We were scared and intimidated into raising the debt ceiling and now the things we were warned about happens anyway.
@TheRaawan would you be shocked if the futures were flat?
@SMFHotStocks S&P going for the jugular!