S&P Sticks By Downgrade

One year ago, S&P downgraded U.S. debt. The company is sticking by its forecast:

“S&P sticks by its decision,” said Chambers, the 56-year-old chairman of S&P’s sovereign-debt rating committee. “Since the downgrade, our projection for the national debt as a percentage of the economy in five years has actually gotten worse.”

The only person’s judgment who matters is the market’s, and the market’s love for U.S. debt hasn’t subsided. Here’s a look at the long-term Treasury debt ETF ($TLT) over the past year.

Posted by on August 7th, 2012 at 10:34 am


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