JP Morgan head of global strategy fixed income Ter

moncler boots onlineHe said that if the United States lost its AAA grade credit rating, will result in Treasury yields in the short term increase of 0.6% to 0.7%, "it will be very huge number, we may be talking about long-term U.S. borrowing costs even permanently improved. "
Bank of America senior economist Maikehansen (Mike Hanson) also support the conclusions of Terry Belton, and the possibility that the downgrade is much higher than breach of contract, breach of contract but the two men's views on the opportunity to have differences.mbt shoes wholesale Maikehansen that, although the default is very low, but "unfortunately, not entirely non-existent"; Terry Belton is that, at least within this year, "virtually zero chance of debt default." He added,cheap jordan shoes, "Even if the debt limit can not raise, Ministry of Finance, there are ways to some extent by other destructive, but better than the default way to solve the problem."
On the possibility of downgrade, Terry Belton respect, the S & P "will be the first two may decide to make a downgrade,"DG shoes discount he said, "If Congress does not take advantage of this opportunity to make a credible , the size of the $ 4 trillion deficit reduction, the S & P downgraded our rating at any time. "
Including Bank of America, JP Morgan Chase, Citigroup, Goldman Sachs, Morgan Stanley, cheap gucci trainers including SIFMA members of major U.S. financial institutions, as well as Credit Suisse and Deutsche Bank, have already done the deal with American credit rating downgrade and debt default occurs operational and market issues to prepare.