link: http://seekingalpha.com/article/285315-s-p-downgrades-u-s-to-aa-we-re-tied-with-belgiumTheres a beautiful picture that describes the current USA condition published on seeking alpha (attached above)
With the S&P rating getting reduced, US economy looks more fragile than ever before. There is already a talk of QE3, 4 & 5 post which usa would not have money for another QE & eventually default. With this lowered rating, fund borrowing for usa would increase leading for further increasing in costs & hence lowering of growths further for them.
USA slowing down further is even further bad news for emerging markets, since most of the exports are pegged to developed countries. With this there would be renewed demand for stable world currency too. Going ahead on Monday, our markets might react negatively and it might be a good panic bottom to buy some long term equities.
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http://rakeshjhunjhunwalafan.blogspot.com/2011/09/rakesh-jhunjhunwalas-stocks-fans-club.html
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