The I was dumb enough to look at my investments today support thread

08-08-2011, 09:58 PM

My father is a financial advisor in downtown Dallas. From what he is saying is that the media is hyping this up too much and that he had a conference call with JP Morgan this morning over how the market is actually up over the past two years. I am trying to find the credit ratings chart he showed me but essentially the media is only showing the first two ratings and by looking at the whole chart you can see that USA is still highly ranked compared to the majority of the rest of the world. AA still means very strong capacity to meet debts I believe whereas AAA means extremely strong. I need to get the charts and everything (if I am allowed to take pictures I will) but essentially the media is putting the scare on many Americans, particularly the elderly, and they are pulling out their money.

08-08-2011, 09:58 PM	#35
Tyler Guest Posts: n/a	Re: The I was dumb enough to look at my investments today support thre My father is a financial advisor in downtown Dallas. From what he is saying is that the media is hyping this up too much and that he had a conference call with JP Morgan this morning over how the market is actually up over the past two years. I am trying to find the credit ratings chart he showed me but essentially the media is only showing the first two ratings and by looking at the whole chart you can see that USA is still highly ranked compared to the majority of the rest of the world. AA still means very strong capacity to meet debts I believe whereas AAA means extremely strong. I need to get the charts and everything (if I am allowed to take pictures I will) but essentially the media is putting the scare on many Americans, particularly the elderly, and they are pulling out their money.