The One Instrument That Has Relative Political

America's Downgrade May Serve As A Wakeup Call For Its Policymakers. It Is An Unambiguous And Loud Signal Of The Country's Eroding Economic Strength And Global Standing. It Renders Urgent The Need To Regain The Initiative Through Better Economic Policymaking And More Coherent Governance.

Once You Start Moving [market] Lower, Then You Trigger Of All Sorts Of Things. You Trigger People Who Have To Sell Because They're Over-levered. So They Sell Their Winners And Their Losers. They're Just Trying To Raise Cash. So, What You Then Get Is Spreading Malaise Throughout The Global Markets.

The Theory Is That If You Take Interest Rates Negative, People Are Going To Say, "that's A Silly Game! I'm Not Going To Lend My Money To Governments Who Want Me To Pay Them. I Am Going To Go Into The Stock Market Where I Can Get Positive Returns!"

The World Is On A Bumpy Journey To A New Destination And The New Normal.

The Once-unthinkable Loss Of The Aaa Rating Will Constitute A Further Hit To Already Fragile Business And Consumer Confidence.