KCSM McLaughlin Group August 18, 2011
november 2008, the apex of the global economic meltdown. on tuesday, the market rebounded, gaining back 423 points. on wednesday, the dow plummeted again, losing 519 points. on thursday, the dow rebounded again, up 423. this market roller coaster was tied to standard & poors, s&p, and the downgrading of u.s. credit by the credit rating agency. s&p stripped the u.s. of its perforating, triple-a, giving it a lower grades of what s&p calls a double a+. this s&p downgrade to a double a+ was the u.s.'s first downgrade in its triple-a history. s&p's chairman john chambers says it may take ...
Source: archive.org