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Moodys lowers US economic outlook through 2012
AP ^ | August 15, 2011

Posted on 08/15/2011 8:41:44 PM PDT by george76

Moody's Analytics on Monday lowered its outlook for growth in the U.S. economy this year and next, saying it sees "significantly weaker" prospects for the economy than just a month ago as the country struggles to avoid another recession.

The report ...cites the recent political wrangling over the U.S. debt ceiling and the revived debt crisis in Europe as leading factors in the bleaker economic picture. "The odds of a renewed recession over the next 12 months, already one in three, will increase if stock prices continue to fall

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Extended News; Government; News/Current Events; US: New York
KEYWORDS: analytics; creditrating; downgrade; economy; moodys; moodysanalytics; obama; obamadowngrade; obamanomics; rating; ratings

1 posted on 08/15/2011 8:41:50 PM PDT by george76
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To: george76

Hooboy.
Here we go.


2 posted on 08/15/2011 8:46:53 PM PDT by mylife (OPINIONS ~ $ 1.00 HALFBAKED ~ 50c)
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To: george76
Image and video hosting by TinyPic
3 posted on 08/15/2011 8:46:53 PM PDT by festusbanjo (Attn: Current Occupant 1600 Pennsylvania Ave., let this serve as your eviction notice eff.11/06/2012)
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To: george76
Pay no attention. This is just a right wing conspiracy to make Obama our Lord look bad.
4 posted on 08/15/2011 8:46:57 PM PDT by garjog
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To: george76

5 posted on 08/15/2011 8:48:46 PM PDT by garjog
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To: george76

when does the investigation begin?


6 posted on 08/15/2011 8:51:28 PM PDT by the invisib1e hand
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To: george76

Really? Debt is bad?

Who knew?


7 posted on 08/15/2011 8:52:15 PM PDT by lurk
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To: george76
Moody's=Buffett

I wonder what Warrens angle is?

8 posted on 08/15/2011 8:52:31 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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BEYOND DISGUSTED WITH IT ALL?


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9 posted on 08/15/2011 8:53:11 PM PDT by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: george76
It is BS to blame recent debt ceiling debates. The fact is that US govt statistics, which systematically paint a rosier-than-reality picture, show an annualized quarter 1 GDP growth of something like 0.1%....

An honest inflation rate deflator for GDP would show a continuing recession extending back long ago. Whitehouse/Federal Reserve/(insolvent) Banking System/MSM/DNC/Big Money Wall Street interests' collective propaganda machine at work.

10 posted on 08/15/2011 8:53:38 PM PDT by JustTheTruth (Sometimes the Truth hurts so much that most refuse to face or accept it, even when it is obvious.)
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To: the invisib1e hand
when does the investigation begin?

Probably yesterday.

11 posted on 08/15/2011 8:54:05 PM PDT by Navy Patriot (Holy flippin' crap, Sarah rocks the world!)
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To: Lazlo in PA

Warren’s angle is that he has most of his wealth tucked away in tax free shelters like his foundation. Typical democrat mentality, “Raise taxes on the rich, except for me and people in Hollywood and tax cheats like Timmy G and party regulars and contributors”. Hurry and and die, so that I can laugh as half your wealth disappears through the estate tax.


12 posted on 08/15/2011 8:56:54 PM PDT by festusbanjo (Attn: Current Occupant 1600 Pennsylvania Ave., let this serve as your eviction notice eff.11/06/2012)
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To: george76

Damn the Tea Party for causing this. And the Koch brothers. And Sarah Palin. And George Bush. And Big Pharma. And Rush Limbaugh. And — uh, who else we got?


13 posted on 08/15/2011 9:06:11 PM PDT by TChad
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To: Lazlo in PA
Warren's angle?

His company, Berkshire Hathaway, is on the hook for BILLIONS of $ in at-risk credit default swaps, and will have to make good on those agreements if true asset values on the underlying assets come to light, triggering defaults. He needs to keep the game going.

Their bad bets on the CDS's would sink his net worth dramatically unless nominal asset values can be propped up by enormous liquidity creation by the Fed. Their solution is to repress and penalize savers and tax payers and get them to cover his bad bets through dollar devaluation and taxation. Basically sucks.

We need to let the damn insolvent financial system take its losses and not shift them to the rest of us.

14 posted on 08/15/2011 9:06:31 PM PDT by JustTheTruth (Sometimes the Truth hurts so much that most refuse to face or accept it, even when it is obvious.)
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To: festusbanjo

I see him pushing Moody’s to do this to revive the “Raise Taxes” issue. He controls them. He is the majority stock holder. More crisis and panic for the Regime to push their garbage. Warren Buffett is a bad as Soros in my book.


15 posted on 08/15/2011 9:06:52 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: george76

One more reason why Obama will be leaving the White House on January 20, 2013.


16 posted on 08/15/2011 9:07:29 PM PDT by RayChuang88 (FairTax: America's economic cure)
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To: JustTheTruth
His company, Berkshire Hathaway, is on the hook for BILLIONS of $ in at-risk credit default swaps, and will have to make good on those agreements if true asset values on the underlying assets come to light, triggering defaults.


17 posted on 08/15/2011 9:09:52 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: TChad

You’re forgetting natural disasters: Arab spring, Japan tsunami, midwest tornadoes, and globull warming. Of course these are all George Bush’s fault anyway, so what am I saying.


18 posted on 08/15/2011 9:21:59 PM PDT by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: Lazlo in PA
He doesn't pay the rates. he paid only 17%. Obama only paid 26%. Much less than the Bush rates!

He delays income and uses the appreciation of invests.

"Our favorite holding period is forever You only pay income taxes at any rate on realized appreciation.

An investment with a holding period of forever incurs a capital gains tax of 0%, while all along the holder can be getting wealthy from appreciation."

- Warren Buffet The why is: Liberals want to be able to increase spending immediately based on tax revenue projections. But the rich can and do avoid taxes.

19 posted on 08/15/2011 9:31:02 PM PDT by NoLibZone (Life as Nancy Pelosi knows & wants it, must end, Life As Nancy Knows it is to raise Debt 10% annualy)
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To: george76

Here comes the SEC!


20 posted on 08/15/2011 9:50:47 PM PDT by Rembrandt (.. AND the donkey you rode in on.)
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To: Lazlo in PA

Warren plays the kindly, gentile investor publicly, but behind the scenes he leans left and is just as ruthless in his investment strategy as Soros.


21 posted on 08/16/2011 7:43:29 AM PDT by festusbanjo (Attn: Current Occupant 1600 Pennsylvania Ave., let this serve as your eviction notice eff.11/06/2012)
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To: the invisib1e hand

Don’t know about the investigation but I’m sure the demonization has already begun.


22 posted on 08/16/2011 7:46:19 AM PDT by Let's Roll (Save the world's best healthcare - REPEAL, DEFUND Obamacare!)
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To: prairiebreeze

marker


23 posted on 08/16/2011 4:40:58 PM PDT by prairiebreeze
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