Ratings agency Standard and Poor’s has revised the outlook for the U.S. economy and now considers the outlook for the country as “stable”.
In August 2011, the ratings agency downgraded the U.S. from AAA to AA+ with a negative outlook, meaning that they felt it was likely another downgrade would happen within a few years.
The U.S. dollar gained 1.3% against the Yen and .2% against the Euro after the news.
The S&P report said that the U.S.’s “resilient economy, monetary credibility and the dollar’s status as the world’s key reserve currency” provided strength for the economy and led to the upgraded outlook.
The report also said that the “deepening partisan divide” in Washington decreases the government’s ability to address fiscal challenges.
Hello Jim& Lori and Staff:
I believe this is a false current outlook because many of the people buying homes now are corporations(buying them by the thousands) to be rented out with few purchases being turned over to private purchases. This gives a false view of the economy and a so called ” happy and peaceful outlook” when in fact it may be a trap not far in the near future.
Love to you all,
Vivian