The US sovereign downgrade by Standard & Poor’s came and went with little more than a blip. The debt ceiling was raised while the Super Committee takes some time to ponder how to get the US deficit down. But we might not witness the impact of either until November.
The non-event that was the downgrade of US debt to double-A was largely expected. Those that wanted out of government-sponsored debt got out back in 2008 and 2009.
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