It is my view that at this late date, the debt ceiling had better be raised to avoid near-term default, and that active efforts continue to establish adequate budget measures to restrain the now interested Standard & Poor’s and Moody’s (NYSE: MHP, NYSE: MCO). By the way, it really bugs me that now that this issue is on the tongue of every American, the agencies suddenly determined America’s debt position was of great short short-term importance and warn of ratings change even with a new ceiling. The levity of such a change is not well understood, especially by the agencies who horrifically rated Mortgage-Backed Securities ignorant of the potential for home price decline, driving a booming MBS market and playing key role in creating the financial crisis.

Similar Posts:

• Home Builder’s Enthused by Economists’ Forecasts
• Your Daily Business Fix
• Don’t Sweat Softer New Home Sales
• Manufacturing – What’s Up with That?!
• Effect of short sale on credit scores
• Debt-Deal Talk Revives Risk a Bit
• Will Socialist France help the Euro economy?