U.S. Credit Rating Downgrade: A Dead Serious Wake-Up Call!

  For U.S. policymakers, what happened on the 5th of August 2011 was a power punch thrown at them by Standard and Poor's (S&P) in a form of a downgrade for U.S. sovereign debt from triple A (AAA) to double A+ (AA+) rating. The said downgrade obviously gave the technorats a “tickling feeling” causing them to panic and get out of their awesome cubicles to explain any cloud of doubts and obscurities on the country's present economy. The said downgrade issuance was quite a surprise to them as seemingly there had been exchanges of communications prior to the announcement between … Continue reading U.S. Credit Rating Downgrade: A Dead Serious Wake-Up Call!