S&P cuts U.S. ratings outlook to negative

Quote from Debaser82:

I'd say it is a suprise and no real downgrade will hapen given the interconnectedness between the rating agencies and the US government.
More...

They've been warning about this for ages and I thank ppl such as yourself for your unfounded scepticism. Should the US "suddenly" experience issues that everyone saw coming they will lose what little credibility they had left.
 
this is actually more likely to be dollar positive than a lot of things. first, rates might now actually begin to properly rise - and if yield rises, the dollar will too. not to mention the safe-haven aspect (which has lacked so long in the past few months).
 
Obama: Tell my lapdogs at CNBC that the US will NOT default on its debt. That this S&P BS is BullCrap and that the US is Strong and needs me for 4 more years.

Biden: The reporters and their on air guests are already programmed to do so, Sir.
 
Quote from bonds:

Just curious, why are you " :) " about this?

This is sad news, especially if you live in the U.S.
More...


Sad news???


I don't think so, why you ask because I am sure Bubble ben bernanke and friends will quickly come to another solution as they always do, right? I mean this is a given fact that something like this was going to happen, everyone keeps ignoring the fact of what is really going on and how long can you keep doing that? So sad news... I don't think so.

:) :) :) :) :) :) :)
 
If this isn't an argument for QE3, I don't know what is...

Right, HeliBen?! :D

GET THE HELICOPTERS OUT AND DROP THE MONEY!
SAVE THE US ECONOMY!!
 
Quote from bonds:

Just curious, why are you " :) " about this?

This is sad news, especially if you live in the U.S.
More...

it could actually be the best news to force the hand of change. Or would you rather the rating agencies continue looking the other way? We cant live in smoke and mirrors forever.
 
Quote from Tsing Tao:

this is actually more likely to be dollar positive than a lot of things. first, rates might now actually begin to properly rise - and if yield rises, the dollar will too. not to mention the safe-haven aspect (which has lacked so long in the past few months).
More...

Barring a hyperinflationary (full and complete loss of credibility) event, a US state bankruptcy would skyrocket the dollar.

More likely indeed is that rates rise, although rates are rising/beginning to rise everywhere now so the relative value of the dollar might still remain weak.

Safe haven aspect of the dollar would be demolished (insofar as it still exists) by loss of US debt servicing credibility though.
 
Quote from ElCubano:

it could actually be the best news to force the hand of change. Or would you rather the rating agencies continue looking the other way? W
More...

you mean like they did last time?
 
Quote from benwm:

If this isn't an argument for QE3, I don't know what is...

Right, HeliBen?! :D

GET THE HELICOPTERS OUT AND DROP THE MONEY!
SAVE THE US ECONOMY!!
More...


Yea I am thinking the same thing, all this is going to do is keep long term rates low and the easy money policies in place for a very long time.
 
You must log in or register to reply here.
Back
Top