In the New York Times Room for Debate
, eight experts give their opinions about the consequence of Monday's move by the Standard & Poor's rating firm which lowered the outlook for long-term U.S. debt to negative from stable.
One interesting thing to note about the markets on Monday is that the Treasury yields actually fell. One would have thought the yields would rise if there's growing concern that the Treasuries were becoming riskier. Allan Roth's blog post
reviews what happened on Monday and proposes some explanations.