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Playlist: Markets react to the debt downgrade

Posted by Ryan Faughnder

For Marketplace Morning Report, Mon., Aug. 8, 2011

Markets react to Standard & Poor's downgrade of U.S. debt. Our analyst says the market also reflects broader worries about the broader world economy. China, the biggest foreign holder of U.S. debt, gives its grade and it's not positive. But China may be more worried about other negative economic data, like the poor U.S. growth rate. How long before the U.S. gets its top rating back? The rich invest heavily in "family offices." And an economic bright spot: more stuff is being shipped by truck. The bad news is, there's a shortage of truckers.

Here are the songs we played today:

  • Shoots - CopyBuy
  • Into the Morning - The WeekendBuy
  • Girl And The Sea - The PresetsBuy
  • Fast As You Can - Fiona Apple
  • Modern Man - Arcade FireBuy

About the author

Ryan Faughnder is a web contributor for Marketplace. Most recently, he was a business reporting intern for the Los Angeles Times and a senior editor at Neon Tommy.

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