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6 Economists Explain What Would Happen If The US Got Another Downgrade

Lisa MahapatraJan 24, 2013, 21:21 IST

When the U.S. got downgraded by S&P in 2011, stocks tumbled. But many were surprised to see Treasury yields fall.

And the risk of another downgrade by the credit ratings agencies is on the table.

For the most part, there's no clear consensus on how the markets would react to another downgrade.

Some believe the markets have already priced in the possibility. Some believe that the credit rating agencies have lost credibility. Some think that we could see volatility.

We asked six top economists what would happen if the U.S. got downgraded again.