
The Debt Ceiling Crisis July 29, 2011 “The Debt Ceiling Crisis” has taken center stage in the last few weeks as Congress and the President are unable to come together on a fix for the economy. Politicians and the media have spread fear and panic regarding the impact on financial markets if a timely agreement is not reached and every day that goes by … [Read more...]








S&P Downgrades U.S. Treasuries
The stock market has been under tremendous pressure for the last two weeks. A default by the U. S. government was avoided at the very last minute, but S&P took the unprecedented step a week ago of reducing the rating of US Treasuries from AAA to AA+. Intuitively, that move should cause a sell-off in bonds with bond prices dropping and the yield on … [Read more...]