Talk:United States federal government credit-rating downgrade of 2013

Rationale for downgrade
The rationale for the downgrade can be found here:

http://en.dagongcredit.com/content/details20_7580.html

http://www.zerohedge.com/news/2013-10-17/chinas-dagong-downgrades-us

Gfcvoice (talk) 11:41, 17 October 2013 (UTC)

This should be deleted
"Dagong's ratings are hardly followed outside of China. The agency also classifies most countries it follows very differently from major agencies such as Moody's, Standard & Poor's and Fitch."

"Apart from the symbolic meaning of the downgrade, though, Dagong's move is expected to have no effect on markets"

Source: (Reuters)

In other words the downgrade is predicted to have a near zero economic impact. - Knowledgekid87 (talk) 21:16, 17 October 2013 (UTC)


 * Knowledgekid, the author of the Reuters piece may think that the downgrade would have no effect markets, but the surge in the gold price suggests otherwise. Regarding Dagong's following, China is a large country in terms of population and GDP. Furthermore its government owns a lot of US Treasuries. Dagong therefore has influence over a large number of people, and significant proportion of investors in US Treasuries. Gfcvoice (talk) 00:55, 18 October 2013 (UTC)


 * Right now, gold is at the same levels it was at the start of the month, I would not call that much of a surge. This event is covered in reliable sources though I just do not think it warrents a stand alone article at the very least. - Knowledgekid87 (talk) 11:58, 18 October 2013 (UTC)


 * Ignoring the definition of what is or is not a 'surge', the fact remains that in the minutes following the Dagong downgrade, gold increased by 3% or so. Therefore there was a financial market effect of the downgrade. Financial markets are not limited to equities. Gfcvoice (talk) 02:15, 19 October 2013 (UTC)

The content of this article (United States federal government credit-rating downgrade of 2013) is covered in United States federal government credit-rating downgrades and therefore I am merging the United States federal government credit-rating downgrade of 2013 article into United States federal government credit-rating downgrades. Gfcvoice (talk) 02:15, 19 October 2013 (UTC)