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Tag Archives for " US "

S & P Downgrades US Credit Rating

On Friday after the US market closed, S&P downgraded the US credit rating from AAA to AA+. They also kept the outlook as “negative”, which puts it inline for further downgrades in the future. Actually, the downgrade has been been hinted at for some time, but the actual downgrade might herald in a new financial era. Warren Buffett […]

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Dow Falls Over 500 Points

I haven’t been sleeping well for the past two weeks, managing only 4-5 hours of sleep on most nights. Yesterday, I went to bed early and slept almost nine hours. When I woke up at 7am to check my mobile phone, the first thing that I saw was this: DJI  – 512.761, -4.31% The 512 […]

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Computer Glitch Causes Turbulent Fall in Dow Jones

In a turbulent day on Wall Street, the Dow Jones industrials lost almost 1,000 points, nearly a tenth of their value, in less than half an hour. It was believed that a simple typographical error in one of the orders had triggered a wave of computerized selloff. The Dow was down 400 points at 10,460 […]

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Warren Buffett on Goldman Sachs and U.S. Economic Rebound

Warren Buffet was recently interviewed on CNBC about his thoughts on Goldman Sachs and the state of the U.S. economic recovery. You can watch the full interview in two parts below. If you prefer reading, the transcript can be found here.

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The Inside Story of America’s Economic Crisis

CNBC has done up a very nice website showing in chronological order the story behind America’s economic collapse, highlighting key players and events. Bloom, Bust and Blame – The Inside Story of America’s Economic Crisis It explains clearly in layman’s language the circumstances leading to the subprime crisis, including videos of some breaking news and interviews […]

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