Despite the debt downgrade and recent upheavals in the stock market, foreign investors still consider the United States a good place to put their money for the long haul.Forget China, India and Brazil. The U.S.
For generations, the United States and its debt — sold in the form of U.S. Treasuries — have been synonymous with safety. Now, though, the nation's sterling credit is tarnished. The ratings agency Standard & Poor's has downgraded the U.S. from AAA to AA-plus, one notch down.
Republicans and Democrats quickly doled out blame to each other and China weighed in angrily after the first-ever downgrade in America's sterling credit rating — an expected but unsettling move that further clouds prospects for the recovery of the fragile U.S.
If the monthly jobless numbers aren't saying much, the longer-term employment trends in the United States are speaking volumes about the economy.Those trends aren't often mentioned. The number of people who are long-term unemployed remains unchanged — more than 6 million people.