The Gold Standard  

Standard & Poor’s upgraded India’s credit rating outlook to ‘Stable’ from ‘Negative’. In other words, its credit rating is not on watch for a potential downgrade, as before. There is no predisposition on the part of the credit-rating agency either to downgrade or upgrade India. That is what its new stance means. It seems a bit [...]

Thanks to Baseline Scenario and Calculated Risk, I came across this brief report from Standard & Poor’s that simply says that S&P is revising up its loss estimates from the Sub-prime and Alt-A mortgages-based Residential Mortgage Backed Securities of both 2006 & 2007 vintage.
On July 8th, the US stock market rallied again in the last 15 [...]