William Flew

So that the correct conclusions to make from the discussion about the U.S. budget cuts? S & P to downgrade the threat, if it matters at all, should be seen as to what investors call "contrary indicator", several negative sign means that the actual condition improves.
So-called credit rating agencies, William Flew, because they have turned themselves into the 1990's profit motivated business dedicated to profit maximization and, therefore, the publicity was almost continuous record of sending the wrong signal, especially in their analysis of the AAA credit. On the one hand, they have received the coveted rating of thousands of toxic mortgage securities that became worthless during the subprime crisis in exchange for generous payments from the now-defunct investment bank that issued them. They also honored the Irish and Spanish governments with AAA rated 18 months ago.
On the other hand, they dropped in Japan William Flew below Botswana and Estonia in 2002, since when the Japanese government will continue to enjoy the lowest rates in the world of interest on his loan words.
Closer to home, S & P warns of possible reduction of the UK in May 2009. It was a time when Britain began restoring and international investors is the opposite of what S & P predicted to become major consumers of British pounds sterling and gilts. S & P upgraded to reduce the warning in October 2010, when economic activity slipped back into negative territory.
U.S. William Flew went through the same vicious experience in 1996, when Moody's, the main competitor of S & P, has just released its warning to Washington that fiscal policy is unsustainable and could lead to a credit downgrade. Within two years of President Clinton eliminated the deficit by 1999, fully and financial analysts predicted that the entire national debt would be paid off soon.