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Detailed text transcripts for TV channel - MSNBC - 20110806:15:40:00

Standard & poor s downgraded. all of this discussion today. a twitter response from 108east who writes, i m worried increased interest rates will cause the economy to tank even more than it is. tank is a tough thing to follow. treasury yields, 50 or 60 points, shave growth off the top. looking at maybe 50 basis points and growth is already essentially zilch. tank s a strong word bet dustde in worse position. we don t have jobs don t have growth. even with all the noise in the turbulence of the stock market, look at the bond market, specifically the treasury markets and treasury bond markets, yields on 30-year bonds actually went down. it s shocking and amazing. i think it s saying that this debt ceiling debate is basically sending a message to wall street that where congress is actually raising that issue. it may be a messy process, and stocks may look sloppy, but we re on our way to solving that ....

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