Weekend Digest #265: Credit Downgrade, Alcohol Stocks, Argentina Election Preview

AA+?, Argentina & Alcohol

Summary

• Moody's has cut its outlook on the United States' credit rating from stable to negative.

• While a default or hyperinflation is unlikely, the U.S. will have to address its growing debt and deficits through spending cuts and/or tax hikes.

• This is great news for bonds and bad for equities long-term. I discuss other ramifications as well.

• Argentina: My f…