WSJ: Moody’s Lowers Economic Growth Outlook

By Tess Stynes
Moody’s Analytics said its near-term outlook for the U.S. economy has fallen significantly in the past month [in the] wake of the debate over the U.S. debt ceiling and the downgrade of the nation’s credit ratings by Standard & Poor’s. Read more at the Wall Street Journal... Read More......

Moody’s affirms city’s bond rating (Corvallis)

Moody’s Investors Service has affirmed the city of Corvallis bond rating of Aa2 for unlimited tax general obligation bonds and Aa3 for limited tax bonds and assigned a negative outlook. Read more at InBusiness...

(Hat tip: John H. Detweiler)
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Moore: Obama Is Just Wrong on Debt Ceiling

VISION2AMERICA, 6/4/2011, Re: Stephen Moore, Economist - The U.S. economy could cave in under a “mountain of debt” if Republican lawmakers “blink first” and agree to raise the government debt ceiling without taking concrete steps to reduce the ballooning deficit, a top economic reporter told Newsmax.TV. ∴ Stephen Moore, senior economics correspondent for The Wall Street Journal, said members of Congress and the American people need to realize the seriousness of the potential crisis as an Aug. 2 deadline looms for the government to raise its debt limit or default on its obligations. “I think the first thing people need to understand is this is not a fire drill — this is a real financial emergency,” Moore said. ∴ His comments came as credit ratings agency Moody’s said Thursday that it may cut the United States’ top-notch credit rating if lawmakers don’t make serious progress in their negotiations by mid-July. Read more at Newsmax (includes video)... Read More......

Financial Sense: "Must Read"

Financial Sense, Market Focus: Storm Watch

• CNS News, 6/3/2011 - China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills
  
• Bloomberg, 6/3/2011 - Moody’s May Cut U.S. [AAA Credit Rating] on Debt Limit Concern
  
• Bloomburg, 6/2/2011 - QE2 Failed to Boost U.S. Spending
  
• Financial Sense, 6/1/2011 - After the Dollar: What Comes Next? (Editorial by Peter D. Schiff)
  
• The Big Picture, 5/31/2011 - Its Official: Housing Double Dip is Here. Without artificial government stimulus, Housing is going lower.

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