The World Changes! So We're In A

It Is Hard To Imagine That, Having Downgraded The Us, S & P Will Not Follow Suit On At Least One Of The Other Members Of The Dwindling Club Of Sovereign Aaas. If This Were To Materialise And Involve A Country Like France, For Example, It Could Complicate The Already Fragile Efforts By Europe To Rescue Countries In Its Periphery.

As A Whole, Investors Should Welcome Attempts To Safeguard The Integrity Of Markets. You Need Very Clear Rules Applied To Markets.

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

We Normally Think If You're Going To Lend Someone Money, You Should Get Some Reward For Doing This. In Europe, It's A Tax!

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!"