Monster Prediction From BofA: Another US Debt Downgrade Is Coming In Just A Few Weeks

Joe Weisentha
Oct. 22, 2011, 7:04 AM|45,314|108


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In an analyst note, Bofa/ML Ethan S. Harris drops a bit of a bombshell prediction:

We expect a moderate slowdown in the beginning of next year, as two small policy shocks—another debt downgrade and fiscal tightening—hit the economy. The “not-so-superâ€