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Do you really think the clown-car ratings agencies will downgrade the US?
They are such a joke at this point.
Well everything is now a joke. Why take any of it seriously? Buy gold, guns, food.
Amen! But I am partial to silver!
Double post! Slow azz, and clunky!
Here's a more accurate outlook at how things will pan out:
Run For Your Lives - Zombie Apocalypse Film
greatest show on earth...cheers!
if one of the rating agencies does decide to downgrade the US sovereign rating, we see three main direct effects:
1. We gave the order and we frontrun everything
2. Some more nice, relaxed trading sessions
3. Adequate bonuses
i was shovel-ready when i read this:
What happens to the significant portion of Treasury and agency securities held by foreign investors is a more complex question given a diversity of mandates – a few of these might rely on ratings – versus the deeper liquidity of the US government securities compared with any alternative investment, and the fact that a good deal of foreign holdings are the byproduct of the buildup of reserves in growth economies, particularly in Asia, that are generating large current account surpluses.
paper ponzi palooza: a good deal of foreign holdings are the byproduct of the buildup of reserves in growth economies, particularly in Asia, that are generating large current account surpluses.
earth to hazMat: deeper liquidity is subject to, ah,..., pricing adjusments...
Ratings? We don`t need no stinkin ratings
We do what we want, when we want, with complete and total impunity.
Just found this update in a search: 26 House Republicans Publicly Oppose Boehner Plan: http://thinkprogress.org/politics/2011/07/28/280945/thinkprogress-vote-c...
on a very simple theme ... debt is the problem and in full debate . the expansion of debt is proving difficult for government .does this mean that fiat currency will gain in strength and p.metals+ commodities weaken as unlimited expansion of money supply is being opposed. Is austerity facing the USA - no more expensive wars/ NASA space programs. Austerity cannot be good for metals etc.
Or will the printing of money commence again soon and what we are currently experiencing is just a small pause to hyperinfation?
Heh, fun to see all the politicians getting angry at the rating agencies but when these same agencies were rating the CDOs AAA they loved them.
That's some real tangible good will from the boys and girls over at Goldman.
Thank you for the teaser. Why not try their retail service people?
--You WILL Obey!
No one wants to discuss the real worst case scenario. That's when America's cities burn, like after an NBA championship, but this time nationwide with a lot of anger thrown in as combustible fuel. It may not happen but it could, and that's what has the SOBs at the top really scared.
At the moment people seem to be perfectly happy to pour money into near-zero yielding Treasuries (for reasons that I totally cannot fathom). My suspicion is that a few missed interest payments wouldn't really do much to change this psychology. And in any case, Tiny Tim seems to be signaling that the administration is not planning to skip any interest payments if a debt-limit deal is not reached. But he won't come out and say this directly because this would undermine the administration's scaremongering. So the administration must be planning to cut SS, or Medicare, or lay off workers, etc., but it doesn't want to admit this because it would automatically incur the wrath of the voters whose payments will be cut.
Gold Amigos & Amigas !
Plata y plomo!
On a long enough timeline, all ratings sink to Zero.....
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