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Sterling fell by nearly two cents this morning after a member of the Bank of England's Monetary Policy Committee, warned that the British economy could shrink again.
NEW YORK — Concerns about China's economy and a warning about the credit rating of the U.S. are hitting stocks. Credit ratings agency Moody's says Monday that debt loads are stretched in the U.S. and Britain. The countries carry the top "AAA" rating. And a drop in the rating would make it more expensive for the government to borrow money. Investors are also unsettled about China. Stocks fell in Shanghai after the country's annual policy meeting ended without new measures to help increase spending by the nation's consumers. At midday, the Dow Jones industrial average is down 37 at 10,588. The Standard & Poor's 500 index is down 7 at 1,143. The Nasdaq composite index is down 19 at 2,349.
Originally posted by xxshadowfaxx
Proof the economy is doing good, and will only get better.
money.cnn.com...
Recession is over, stop crying wolf everyone!
Originally posted by Alora
That's my birthday Drats! At least my husband bought the stuff to make my cake already so we can still celebrate while the world crumbles around us, I suppose.