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US Debt Ratings Downgrade, meaningless?
- Thread starter Daal
- Start date
Quote from ASusilovic:
Well, I trust good old Germany more then any other country to pay back debt. Why ? Hum...let me think about it : because i know that the savings rate in Germany is 11-12 % of disposable incomce since World War II. By the way : In the last months savings rate in Germany sky rocketed to 18-19 %.
Tripple A rating DOES MATTER !
And no housing bubble deflating in Germany.
Quote from kxvid:
Correct because the US will NEVER default on its debt. It will run the printing presses until the bitter end to pay the interest on all of its outstanding bonds. The only default will be a quazi one via inflation.
not likely in the near term, but if ppl start refusing to buy us debt unless it's denominated in a ccy other than $ then there could be trouble
Quote from ASusilovic:
Well, I trust good old Germany more then any other country to pay back debt. Why ? Hum...let me think about it : because i know that the savings rate in Germany is 11-12 % of disposable incomce since World War II. By the way : In the last months savings rate in Germany sky rocketed to 18-19 %.
Tripple A rating DOES MATTER !
The market 'downgraded' the debt of some euro pigs before the rating agencies, thats what I mean, if people thought US were a banana republic they might not wait for the rating agencies