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Now the kind of -- and our next story pretty well you know we love trivia and we have a question for you today that we would have had to sets up the state of play along would of -- -- -- like -- all.
What event prompted a 16% rise in stocks are record low she talked about -- treasury yields and a strengthening of the US dollar.
Not hello birthday almost non -- I'll have to answer and it's just a project.
You have the answer is they've downgraded the United States by S and pay.
So yeah you're down -- frightened and -- C and Simpson facing of course global investors pouring so much since US treasuries are hitting record lows just take a look at that.
This chart we're gonna -- now down one point 6%.
And you know now this debate is our stocks a safe haven of course Europe China.
Is helping them at a two and record -- stimulus but you know Nigel Gault is -- top economists are saying look.
It's all relative in the US markets that's what you know the rating agencies forget that that markets are gonna weigh in on what these is about and that.
And should be the yielding US treasuries not rating agencies but -- something interesting enough.
S&P sticking to this they're saying 2014 they could still downgrade the US even further fiscal -- Lumix 600 billion tax hikes and cuts there for spending.
And they said that as a -- still saying look -- sort of downgrading Greece and oh for Italy you know five.
And they were still trading of the bonds there is that there aren't aren't Germany so watch that United States.
Down the road that's the deal means that the bottom line and technically I guess it was -- birthday because -- -- -- now.
Right -- -- your birthday it's your fault my birthday is August cork in the downgrades August 5 here to talk IQ I cannot thank all my pleasure.
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