Tag: Wars/Rumors Wars

P.I.D. Radio 8/10/11: We Blame London, We Blame France

STOCKS DROPPED again today, wiping out gains yesterday as nervous investors reacted to speculation that France’s credit would be downgraded and worries about bank solvency. Meanwhile, the drums continues to… Read more »

P.I.D. Radio 8/8/11: Dow Dooby-Doo Dow Down

MARKETS TANKED today following the downgrade of the credit rating of the U.S. by Standard & Poor’s Friday.  We discuss the implications and other news items hidden by the furor… Read more »

P.I.D. Radio 8/6/11: A-Plus Plus Plus!

STANDARD & POOR’S downgraded the debt of the United States to AA+ after the close of business Friday, a move that some analysts think could trigger the second dip of… Read more »