{"id":6498,"date":"2011-08-07T14:02:30","date_gmt":"2011-08-07T18:02:30","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=6498"},"modified":"2011-08-07T15:16:45","modified_gmt":"2011-08-07T19:16:45","slug":"sp-downgrade-dollar-rally","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2011\/08\/07\/sp-downgrade-dollar-rally\/","title":{"rendered":"S&P Downgrade of U.S. Debt Sets Up A Potential Dollar Relief Rally"},"content":{"rendered":"

(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

Nouriel Roubini thinks the S&P downgrade could help lock the U.S. into a recession and Christina Romer wants to “swing for the fences” and respond with a massive jobs bill – Bloomberg Video: “Roubini, Rosner, Bianco and Romer Discuss U.S. Downgrade<\/a>”<\/p>\n

China is … fuming – {snip} See: “China tells U.S. ‘good old days’ of borrowing are over<\/a>.”<\/p>\n

Euro-region central bank governors are scrambling to make sure the S&P downgrade does not make the European sovereign debt situation even worse: “Euro-Area Central Banks to Hold Crisis Call<\/a>”<\/p>\n

Finally, Paul Krugman thinks ratings agencies are irrelevant<\/a>: <\/p>\n


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