A panel discussion article featuring Jim Rogers, Marc Faber, and William Thomson. The topic: commodities, what else? If you've heard some of Marc and Jim's interviews in recent years, this topic will not be new, but if you are new to the story they present, then by all means read on. I always like to see what they have to say anyway!
S&P cut Nasdaq's credit rating to junk status citing debt burdens and its questionable strategy to buy a controlling interest in the London Stock Exchange. Financial Times reported that the exchange's counterparty credit & bank loan rating were lowered fromm BBB- (lowest investment grade rating) to BB+. The change will increase Nasdaq's borrowing costs should it wish to pursue aquisition targets. For an earlier look at the exchange consolidation trend that brought about Nasdaq's push for a stake in the LSE, please see "Exchange fever" .