Average U S Credit Rating
October 25, 2011 by staff
Standard & poor, of course, lowered the credit rating after the Congress – with all the delicacy and penetration of a crazed mob – just raised the debt ceiling in the country. There was some question behind S & P think, to say nothing of their math, that possibly mitigate the impact.
If Moody Investors Service or Fitch Ratings decided to lower your credit score, however, expect the worst. They have every reason to do so, unfortunately, because the deadline for the super congressional committee to identify and $ 1.2 billion in savings deficit Thanksgiving is almost here. For some strange reason, the Bank of America Merrill Lynch does not believe the committee will be super successful.
If not, then, according to the agreement forged in August, and 1.2 billion in automatic cuts are activated discretionary fiscal spending. These are expected to weaken an already weakened economy.
Another cut – and that comes as the nation prepares for its annual meeting year-end shopping show – some will kill the momentum of vacation for many consumers are already concerned about the economy.
Forecasts show that consumers are already doubtful about the prospect of spending generous, a reduction of U.S. credit, along with accompanying Strum und Drang in the media about it, certainly leans heavily on the verge of thinking of better safe than Sorry.
PriceGrabber says that 45 percent of consumers surveyed who intend to spend less money during the holiday shopping season in winter 2011 than they did in 2010, while 49 percent will spend the same amount that was spent last year. A tiny 7 percent plan to spend more this year.
2011, the National Retail Federation’s Consumer Intentions of vacation and study of the actions, conducted by BIGresearch, reports that holiday shoppers plan to spend an average of 704.18 and gifts, down slightly from the 718 , 98, who passed in 2010.
Polls suggest a survival strategy for retailers – that is, an approach discounts and savings for gifts and personal purchases.
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