All that intense in-fighting at Congress, over whether to raise the debt ceiling or not, had led to people’s fears materializing in the for of a US credit rating downgrade from Standard & Poor’s. And, as expected, investors reacted the way they usually react under such circumstances - they panicked. The stock market took a significant dive and points just kept falling. It’s interesting to note that all these events have been predicted to happen before hand should the Republicans push...
>>>All that intense in-fighting at Congress, over whether to raise the debt ceiling or not, had led to people’s fears materializing in the for of a US credit rating downgrade from Standard & Poor’s. And, as expected, investors reacted the way they usually react under such circumstances - they panicked. The stock market took a significant dive and points just kept falling. It’s interesting to note that all these events have been predicted to happen before hand should the Republicans push through with plans to use the debt ceiling issue as a leverage for them to get what they want. But push through they did and, lo and behold, the stock market dives.
