Aug 8, 2011

Marketplace for August 8, 2011

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Marketplace for August 8, 2011

Segments From this episode

S&P: U.S. credit worthiness remains very strong

Aug 8, 2011
Standard & Poor's global head of sovereign ratings David Beers comments on the ratings agency's decision to downgrade U.S. debt from AAA

The downgrade: What political gap?

Aug 8, 2011
The economy isn't doing well, but S&P said Friday it was downgrading U.S. debt because of politics, that there's such a gap between the parties, it throws into serious doubt the government's ability to govern responsibly. But where's the gap?
U.S. President Barack Obama speaks with U.S. Speaker of the House John Boehner during a meeting in the Cabinet Room at the White House in Washington, D.C., on July 23, 2011.
JEWEL SAMAD/AFP/Getty Images

The Fed steps up

Aug 8, 2011
Now that partisan politics has rendered the government unable to function, only one player in Washington has the power to affect the economy: the Federal Reserve

Asia and Europe react to U.S. debt downgrade

Aug 8, 2011
How Europe is dealing with the U.S. downgrade news, in light of its own debt problems, and the latest on China's reactions as the largest foreign holder of U.S. debt

U.S. credit downgrade: Apocalypse now out in the markets?

Aug 8, 2011
New York bureau chief Heidi Moore discusses what S&P's downgrade was really about and how we are going to get substantive economic help out of what's going on

How does the market nosedive affect your wallet?

Aug 8, 2011
Should the average investor join the stock market sell-off?

Music from the episode

Several Shades Of Why J Mascis