5 Reasons Why You Should Care About A Bond Credit Downgrade

Chicago River

Is it really necessary to have a TV at a gas pump?

I’m seeing these more often, and I think that I’m against the concept. Like many Americans, I like to stare off into space while I’m pumping gas- a bit of a mental break. Well, at least gas prices are at historic lows, which is good for consumers- but bad for ExxonMobil. In fact, Standard and Poor’s recently downgraded ExxonMobil’s credit rating from AAA (their highest rating) to AA+, based partly on low oil prices. A bond downgrade can have a huge impact on the value of your bonds, so it’s important to understand these key facts:

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3 Reasons Why Goldman Sachs Wants To Pay You More Interest

Calculator and Money Image

I saw a brand new Mercedes truck that has been customized into an ice cream truck. A real ice cream truck- driving down my street playing music to attract people.

What’s the breakeven on the cost of a Mercedes ice cream truck? Seems that you’d have to sell a ton of ice cream…

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Like the new and (really) different ice cream truck, businesses shift their focus to find new customers. As an example, Goldman Sachs is aggressively going after plain old vanilla (another ice cream reference) customer deposits by paying high rates on checking and savings accounts.

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