Odds ‘n Sods:
MQC sent us this: Standard & Poor’s Downgrades ACA Capital to Junk Status. MQC notes: “S&P cut ACA’s rating to ‘CCC,’ or eight levels below investment grade, from ‘A,’ the sixth-highest investment-grade rating. It also said it may cut Financial Guaranty Insurance Co’s ‘AAA’ rating.” Here is a sobering snippet: “The entire US economy is $14 trillion or so in contrast to $42.6 trillion in credit default swaps. The entire derivatives trade is now a record $681 trillion.” o o o Ready Made Resources just added a new photovoltaic (PV) power product to their line. For those of us …