US AAA???

14 replies [Last post]
snaggletooth's picture
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Joined: 2007-07-13

What's up with this?
 
http://www.cnbc.com/id/27641538

babbling looney's picture
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Joined: 2004-12-02

Reality check. 
 
We can't just continue to float paper at industries that are failing, should fail.  And we can't continue to expand entitlement programs that have no accountability and no spending ceiling.

snaggletooth's picture
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Joined: 2007-07-13

babbling looney wrote:Reality check. 
 
We can't just continue to float paper at industries that are failing, should fail.  And we can't continue to expand entitlement programs that have no accountability and no spending ceiling.
 
You mean to tell me Monopoly money doesn't work?

Spaceman Spiff's picture
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Joined: 2006-08-08

Sounds like rationale for Obama to have carte blanche with the military to me.  How much of a stretch would it be for him to place the blame for withdrawing our troops globally squarely on the backs of big evil Wall Street. 
 
But how horrible would it be to be the sitting president when, for the first time in history, treasuries lose their AAA status.   What would we all use as the risk free rate benchmark if that happens?

bspears's picture
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Joined: 2006-11-08

The Euro...one world order..

Spaceman Spiff's picture
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bspears wrote:The Euro...one world order..
 
Followed by the coming of the anti-christ (chough...ahem...obama...ahem...cough), rapture, tribulation, etc. 
 
Actually, I don't buy into the whole Obama is the anti-christ theory.  Marx reincarnated maybe, but not the anti-christ.  There are too many of us who don't believe a word he says for him to be anything other than a radical, far left, politician. 

bspears's picture
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Joined: 2006-11-08

History tells us whenever ECONOMIC conditions deteriate substantially, politicians can weild enormous power.  When was the last time a president was elected and many people in foreign contries celebrated, like he was the one..you know "Matrix" like...When and if he tastes the intoxicating euphoria power provides, he could become very dangerous, but spin it like he is doing everything for the downtrodden.  When the economies fall so far, many more people start feeling pain, and panic.  You lose a job and your neighbor is out of a job, and your uncle is layed off from a GM plant...all of a sudden your confidence drops to nothing. When your confidence drops, you start relying on others for support...ala...UNCLE SAM.  Your okay with a little less freedom for a job..and the rock starts rolling faster and faster downhill.

bspears's picture
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Joined: 2006-11-08

The anti christ...well spoken..makes believers out of non believers...causes hysteria....interesting.

Soothsayer's picture
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Joined: 2005-02-24

Hitler came to power under the stresses of a severe economic event.  Good observation Spears.  Obama is not the answer that so many are hoping for......

BBQ's picture
BBQ
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Joined: 2008-07-24

Check this out. http://www.federalreserve.gov/newsevents/press/monetary/20081112a.htm

The US tries to sell $150 billion in debt...& less than 10% bid on. Don't have to worry 'bout credit ratings if no one wants our paper.

Omega99's picture
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Joined: 2008-11-13

I am a long term reader but have never posted before.  To BBQ, please stop adding fear from stupidity.  The Treasury issues bonds(not the Fed)  and the last few auctions have been oversubscribed by many times.  The link you posted was from the FED and it was offering credit and the credit was apparently not needed.  That is a good sign not a bad one.  God I hope you aren't really a financial advisor. 

2wheeledbeemer's picture
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Joined: 2008-10-10

Omega99 wrote:
I am a long term reader but have never posted before.  To BBQ, please stop adding fear from stupidity.  The Treasury issues bonds(not the Fed)  and the last few auctions have been oversubscribed by many times.  The link you posted was from the FED and it was offering credit and the credit was apparently not needed.  That is a good sign not a bad one.  God I hope you aren't really a financial advisor. 
Nice alpha post on ya', Omega.

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