USA loses AAA rating

[centurian]

Tulip

[minestrone]

Goodbye Obama.

[minestrone]

Watching Sky News, first time I have seen the Shadow Business Minister.

What a loser.

Edit: He gave one of these scripted speeches at the end about raising VAT to 20% and the cost to the average family. Longhurst just ended it with "just a shame Gordon sold all out gold reserves"

I'm sure he called George Osbourne Sir George Osbourne

[MarillionFan]

Think we'll lose another 500 FTSE points next week. Looking at 4800.

[Doggy Styles]

Good about the US credit rating.

Bit painful, but perhaps now they and other countries will deal seriously with their deficits instead of waffling and carrying on as before.

And it's a message to New Labour - look what you would have won!

[Fred Bloggs]

Think we'll lose another 500 FTSE points next week. Looking at 4800.

You're right. A few weeks ago I sold out of ~20% of my SIPP into cash. Should have sold off a lot more.

[minestrone]

And it's a message to New Labour - look what you would have won!

When I think about what New Labour did to the country's finances the feeling I get is the same as when I come out the Casino and lost big.

[PAH]

On last night's Newsnight they had various experts in, discussing how a United States of Europe is the only truly viable long term solution to the eurozone problem. All other measures are merely delaying tactics while the politicians come around to the idea.

I'm sure at the end they said the USA downrating wouldn't have a big affect on the market, as the USA is still in a stronger position than other countries.

We'll see on Monday if they're right. Place you bets....

[MrRobin]

Goodbye Obama.

He's still the runaway favourite with the bookies. Might have a punt on Romney at 6:1.

[alreadypacked]

Can't remember the show but they talked about why they voted Obama in.

"We voted for him cause he's black"
"The economy is really bad, will you vote for him again"
"Is he still black"