IBDeditorials.com Daily Podcast - Read by OutloudOpinion

IBDeditorials.com Daily Podcast - Read by OutloudOpinion


A Psychological Blow 8.8.11

August 09, 2011

Markets: For the first time, America's good name has been downgraded. So far, the impact on bonds has been small. But the long-term consequences won't be pretty.

Back in 1992, Bill Clinton learned that U.S. credit equaled U.S. power. After wrangling with