Reuters: US to lose AAA rating!

[Bailamos]

You have your points. In relative terms, US' debt was 66% of GDP but it's expected to increase to exceed 100% of GDP by 2010.
This report said that US does have credit problem judging from fiscal deficit:
http://www.actionforex.com/action-i...in-determining-usd's-movement?-2009052688109/

However, I think the rating agencies will not actually downgrade US. They may just threaten to do so!

 

[Aboushi]

Quote from peilthetraveler:

http://www.reuters.com/article/summitNews2/idUSTRE55E6BM20090615

Is it time to buy gold/silver now?

When someone becomes popular once for guessing a crash and hits it on the nose, that someone will tend to try and do it again. I truly think that he needs a reality check. Corporations are going to come out the victors ( for the ones that survived). When wealth is spread a bit more evenly with our current tax rate(clinton era), economies improve and CEOs are rewarded. I might have studied economics and international business, but I think anyone with common sense will be able to figure it out. This guy just wants the attention that he had in 87