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Tuesday, July 19, 2011

rayloke2009blogspot: Anything's Possible if U.S. Debt Downgraded to AA ...

rayloke2009blogspot: Anything's Possible if U.S. Debt Downgraded to AA ...: "Anything's Possible if U.S. Debt Downgraded to AA - CNBC"
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  1. RAYLOKEJuly 19, 2011 at 3:01 PM

    But as James Melcher, founder and president of Balestra Capital in New York, puts it, "If the impossible occurs, everything else becomes possible. It would have psychological repercussions that could be serious, and that certainly sets the stage for things to deteriorate."

    It isn't a far-fetched scenario.

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