When will S&P's decision about US rating come out?

Does anyone know when S&P should tell about their US credit rating? Moody's and Fitch kept A3 rating;

http://www.bloomberg...wn-concern.html

The only news below says they are waiting for it, I think by the time S&P says something, the market will bottom!

http://online.wsj.co...1793462482.html

Anytime within the next 13 months....... They don't plan on announcing any downgrades for at least 6 months.... But who knows congress will likely do something stupid to test their hand sooner...

US borrowing tops 100% of GDP: Treasury
2 hours ago

WASHINGTON — US debt shot up $238 billion to reach 100 percent of gross domestic project after the government's debt ceiling was lifted, Treasury figures showed Wednesday.
Treasury borrowing jumped Tuesday, the data showed, immediately after President Barack Obama signed into law an increase in the debt ceiling as the country's spending commitments reached a breaking point and it threatened to default on its debt.
The new borrowing took total public debt to $14.58 trillion, over end-2010 GDP of $14.53 trillion, and putting it in a league with highly indebted countries like Italy and Belgium.
Public debt subject to the official debt limit -- a slightly tighter definition -- was $14.53 trillion as of the end of Tuesday, rising from the previous official cap of $14.29 trillion a day earlier.
Treasury had used extraordinary measures to hold under the $14.29 trillion cap since reaching it on May 16, while politicians battled over it and over addressing the country's bloating deficit.
The official limit was hiked $400 billion on Tuesday and will be increased in stages over the next 18 months.
The last time US debt topped the size of its annual economy was in 1947 just after World War II. By 1981 it had fallen to 32.5 percent.

Ratings agencies have warned the country to reduce its debt-to-GDP ratio quickly or facing losing its coveted AAA debt rating.
Moody's said Tuesday that the government needed to stabilize the ratio at 73 percent by 2015 "to ensure that the long-run fiscal trajectory remains compatible with a AAA rating."

http://www.usdebtclo...debt-clock.html

Edited by Rogerdodger, 03 August 2011 - 05:41 PM.

When will S&P's decision about US rating come out?

How about right after the jobs data on Friday?

Fib

"How about right after the jobs data on Friday?" And Arb-Your vacations bite, like mine-get the crap away from all computers! I'm taking 3 days off next week, I'll actually not trade them-if you stop now

Edited by thespookyone, 03 August 2011 - 05:45 PM.

I couldn't have chosen a worse period to have a "vacation", the markets are too active. So, here is the "leisurely" reading I did on my "vacation", first of all either we have actually bottomed, or the bottom will not occur for another 3-4 weeks. There are two significant tests, first one is the bounce within 5 days of the low, it needs to at least tag 200 dma to be considered a major bottom forming. The other one is the asset allocation. Some asset ratios suggest a significant low could be within days or already happened today. If the 200 dma test fails to at least tag it, then we should see probably at least another 2-3% lower to 1200-1205 (400 dma) before August is out. So, Fed! Show me the money now or I am going to sell like the world is ending... Now, let me get back to my "vacation"

first of all either we have actually bottomed, or the bottom will not occur for another 3-4 weeks.

The fact you are able to pull yourself away from the hammock (any real vacation of mine has one of those) is shocking but are you now seeing my numbers I said from a week or so back?

The end of the world will not end but your vacation will.... every time you want to pick up the laptop - grab a drink instead, eventually you will forget about the markets

US borrowing tops 100% of GDP: Treasury
2 hours ago

WASHINGTON — US debt shot up $238 billion to reach 100 percent of gross domestic project after the government's debt ceiling was lifted, Treasury figures showed Wednesday.
Treasury borrowing jumped Tuesday, the data showed, immediately after President Barack Obama signed into law an increase in the debt ceiling as the country's spending commitments reached a breaking point and it threatened to default on its debt.
The new borrowing took total public debt to $14.58 trillion, over end-2010 GDP of $14.53 trillion, and putting it in a league with highly indebted countries like Italy and Belgium.
Public debt subject to the official debt limit -- a slightly tighter definition -- was $14.53 trillion as of the end of Tuesday, rising from the previous official cap of $14.29 trillion a day earlier.
Treasury had used extraordinary measures to hold under the $14.29 trillion cap since reaching it on May 16, while politicians battled over it and over addressing the country's bloating deficit.
The official limit was hiked $400 billion on Tuesday and will be increased in stages over the next 18 months.
The last time US debt topped the size of its annual economy was in 1947 just after World War II. By 1981 it had fallen to 32.5 percent.

Ratings agencies have warned the country to reduce its debt-to-GDP ratio quickly or facing losing its coveted AAA debt rating.
Moody's said Tuesday that the government needed to stabilize the ratio at 73 percent by 2015 "to ensure that the long-run fiscal trajectory remains compatible with a AAA rating."

http://www.usdebtclo...debt-clock.html

This ratio of debt to GDP is often cited, but very few people (particularly those who most often cite it) have a clue as to what it really means.

I try to give examples or analogies to folks to help them. Here's one for those from the OK state -

The number of points the OU Sooners have put up on the board since the school's inception has now exceeded 158% of the total snaps the OU quarterback took in 2010.

Now, when you figure out what that means and how important it is to OU fans, you will be on your way to understanding the importance of the debt/GDP ratio.