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Articles tagged with: Debt Ceiling

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Posted on 12 Mar 2013 | 4,787 views
US Debt Credit Rating Downgraded by S&P

A major rating agency last night “Downgraded the Nation’s Credit Rating” for the first time in history, after a wild day on Wall Street that saw stocks swing from triple-digit gains to triple-digit losses and back into positive territory as investors weighed the strongest US job gains in months against debt problems here and in Europe.

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Posted on 11 Mar 2013 | 5,205 views
S&P 500 Heading Into a Bear Market

This current correction began quietly on July 8th but didn’t really accelerate until ten days ago and  escalating worries about the U.S. economy and Europe seem to be forefront.

Stock Market Crashes »

Posted on 9 Aug 2011 | 5,791 views
Is it a Stock Market Crash When the Dow Jones Industrial Average Drops 1,147 Points Over Three Trading Days?

After “Black Tuesday“, October 29, 1929, Variety declared “Wall Street Lays an Egg” — to describe a drop of 23 percent in the stock market over two days. In the stock market “Crash of 1987”, the Dow Jones Industrial Average lost 22.6 percent of its value in one day. On Monday August 8, 2011 the Dow dropped 634.76 points to 10809.85. Does the sharp decline qualify as a “Stock Market Crash”?

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Posted on 12 May 2011 | 7,905 views
Debt Ceiling Inaction Will Double Interest Rates and Crash Stock Market in 2011

President Obama’s administration is pushing to raise the nation’s debt limit an additional $2 trillion, which currently stands at $14.3 trillion and issued dire warnings from business leaders that failing to OK the increase will lead to inflation, an immediate doubling of “Interest Rates” and a killer “Wall Street Crash” — House Speaker John Boehner, R-Ohio, says the GOP will demand trillions in spending cuts before considering an increase in the debt ceiling.