If you’re still confused about all of the news, regarding the S&P downgrading the US Government, no worries. Melody Hobson of “Money Mondays” came on the TJMS this morning to break it down. If you missed her talk this morning, you can listen to the audio below.
So it’s happened — right or wrong: a downgrade of Uncle Sam’s credit for the first time in history. Overnight, in reaction to the credit downgrade, Asian and European stocks dropped significantly. Here’s a quick primer based on ABC News’ extensive reporting on the possibility of a downgrade — five easy to understand effects: 1. […]
