Home > Daily Reading on the Financial Markets, Financial Ponzi, Stock Market > Daily Reading on the Financial Markets: 8/6/11

Daily Reading on the Financial Markets: 8/6/11

We knew it was coming sooner or later… now it’s official: The U.S. downgraded to AA+, from Zero Hedge.

Tim Geitner from April 2011, “No risk” of downgrade.  Zero Hedge again.

James Altucher of Freakonomics thinks this meltdown is overblown.

Charles Hugh Smith predicts QE3 sooner rather than later, and says don’t buy it, from Of Two Minds.

David Goldman blames hedge funds for the sell-off, noting strength in corporate bonds.

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