It needs to be. Then interest rate will need to be up. My bonds will be worth less. But then again, the interesting question I been hearing now is that which is actually worse, US or Europe? And do the big moneys have any actual meaningful alternatives to turn to. Indeed extremely interesting, considering the group that were talking about this are bunch of private investors that worth few billions. And they have been hedging the heck out of their bond holdings.
We are all wrong, S&P just downgraded U.S.'s rating from AAA to AA+ and warned if the country doesn't improve its financial situation further downgrading will come soon.
This is a real gutsy move because the White House has been in negotiation with them and still couldn't change their decision.
U.S. lawmakers are in their summer break, let's wait for them to return to Washington and see what they will do to S&P.
Credit downgrading is not the be-all and end-all for a country, this has happened to Canada before and after the country has put its house in order it regained its AAA rating again.
Life is like toilet paper, you either on a roll or you are taking crap from some assholes
longdongsilver 發表於 2011-8-6 10:40
We are all wrong, S&P just downgraded U.S.'s rating from AAA to AA+ and warned if the country doesn' ...
Canadian and even some European's countries' (Greece for example) economy is nothing like the USA's. Credit downgrade on the USA has much greater impact. Anything that can be closely resembled would have to be Japan. However, the Japanese government wouldn't play politics like they do in Washington, and the Japanese didn't have to feed millions of illegal Mexicans, and the Japanese didn't send troops to fight 2 meaningless war when Japan had it credit downgraded.
樓主: maddot
在線雷達
發表於 2011-8-5 23:20:46
發表於 2011-8-6 16:38:40
