OK, we are down graded: AA+ (Still a long way from F+ guys)

[waiting hawk]

“NEW YORK/SHANGHAI (Reuters) – China bluntly criticized the United States on Saturday one day after the superpower’s credit rating was downgraded, saying the “good old days” of borrowing were over.”

http://finance.yahoo.com/news/China-flays-US-over-credit-rb-3974888722.html?x=0

[patientrenter]

[quote=waiting hawk]”NEW YORK/SHANGHAI (Reuters) – China bluntly criticized the United States on Saturday one day after the superpower’s credit rating was downgraded, saying the “good old days” of borrowing were over.”

http://finance.yahoo.com/news/China-flays-US-over-credit-rb-3974888722.html?x=0%5B/quote%5D

That’s just noise for domestic Chinese consumption. China continues to export far more than it imports. As long as it does that, it must buy vast amounts of US assets. When China’s trade with the US becomes balanced, you know they are serious about the US being too risky to invest in.

[patientrenter]

[quote=waiting hawk]”NEW YORK/SHANGHAI (Reuters) – China bluntly criticized the United States on Saturday one day after the superpower’s credit rating was downgraded, saying the “good old days” of borrowing were over.”

http://finance.yahoo.com/news/China-flays-US-over-credit-rb-3974888722.html?x=0%5B/quote%5D

That’s just noise for domestic Chinese consumption. China continues to export far more than it imports. As long as it does that, it must buy vast amounts of US assets. When China’s trade with the US becomes balanced, you know they are serious about the US being too risky to invest in.

[patientrenter]

[quote=waiting hawk]”NEW YORK/SHANGHAI (Reuters) – China bluntly criticized the United States on Saturday one day after the superpower’s credit rating was downgraded, saying the “good old days” of borrowing were over.”

http://finance.yahoo.com/news/China-flays-US-over-credit-rb-3974888722.html?x=0%5B/quote%5D

That’s just noise for domestic Chinese consumption. China continues to export far more than it imports. As long as it does that, it must buy vast amounts of US assets. When China’s trade with the US becomes balanced, you know they are serious about the US being too risky to invest in.

[patientrenter]

[quote=waiting hawk]”NEW YORK/SHANGHAI (Reuters) – China bluntly criticized the United States on Saturday one day after the superpower’s credit rating was downgraded, saying the “good old days” of borrowing were over.”

http://finance.yahoo.com/news/China-flays-US-over-credit-rb-3974888722.html?x=0%5B/quote%5D

That’s just noise for domestic Chinese consumption. China continues to export far more than it imports. As long as it does that, it must buy vast amounts of US assets. When China’s trade with the US becomes balanced, you know they are serious about the US being too risky to invest in.

[patientrenter]

[quote=waiting hawk]”NEW YORK/SHANGHAI (Reuters) – China bluntly criticized the United States on Saturday one day after the superpower’s credit rating was downgraded, saying the “good old days” of borrowing were over.”

http://finance.yahoo.com/news/China-flays-US-over-credit-rb-3974888722.html?x=0%5B/quote%5D

That’s just noise for domestic Chinese consumption. China continues to export far more than it imports. As long as it does that, it must buy vast amounts of US assets. When China’s trade with the US becomes balanced, you know they are serious about the US being too risky to invest in.

[GH]

It is possible we are still years from default, but we are definitely heading that way.

It is a fact we are unable to pay our obligations without incurring further debt.

[GH]

It is possible we are still years from default, but we are definitely heading that way.

It is a fact we are unable to pay our obligations without incurring further debt.

[GH]

It is possible we are still years from default, but we are definitely heading that way.

It is a fact we are unable to pay our obligations without incurring further debt.

[GH]

It is possible we are still years from default, but we are definitely heading that way.

It is a fact we are unable to pay our obligations without incurring further debt.

[GH]

It is possible we are still years from default, but we are definitely heading that way.

It is a fact we are unable to pay our obligations without incurring further debt.

[Arraya]

From Nicole Foss over at Automatic Earth website.

Ben Bernanke is the little man behind the curtain, not the all-poerful wizard. Don’t believe the hype.

On the balance of probability, phase 2 of the credit crunch has begun. The larger trend should be down for a very long time. It is likely to be longer and stronger than phase 1. I wouldn’t touch equities with a barge pole. T-Bills are much safer.

I’m not worried about the US downgrade or higher interest rates on US government debt. The perception of risk regarding those assets is largely an artifact of the rally. That trend, along with many others, is set to reverse. The US should benefit sufficiently from a flight to safety that it should have little difficulty selling its bonds for the next while. As awful as its finances are, it’s the least worst option, at least initially in the deleveraging period.

[Arraya]

From Nicole Foss over at Automatic Earth website.

Ben Bernanke is the little man behind the curtain, not the all-poerful wizard. Don’t believe the hype.

On the balance of probability, phase 2 of the credit crunch has begun. The larger trend should be down for a very long time. It is likely to be longer and stronger than phase 1. I wouldn’t touch equities with a barge pole. T-Bills are much safer.

I’m not worried about the US downgrade or higher interest rates on US government debt. The perception of risk regarding those assets is largely an artifact of the rally. That trend, along with many others, is set to reverse. The US should benefit sufficiently from a flight to safety that it should have little difficulty selling its bonds for the next while. As awful as its finances are, it’s the least worst option, at least initially in the deleveraging period.

[Arraya]

From Nicole Foss over at Automatic Earth website.

Ben Bernanke is the little man behind the curtain, not the all-poerful wizard. Don’t believe the hype.

On the balance of probability, phase 2 of the credit crunch has begun. The larger trend should be down for a very long time. It is likely to be longer and stronger than phase 1. I wouldn’t touch equities with a barge pole. T-Bills are much safer.

I’m not worried about the US downgrade or higher interest rates on US government debt. The perception of risk regarding those assets is largely an artifact of the rally. That trend, along with many others, is set to reverse. The US should benefit sufficiently from a flight to safety that it should have little difficulty selling its bonds for the next while. As awful as its finances are, it’s the least worst option, at least initially in the deleveraging period.

[Arraya]

From Nicole Foss over at Automatic Earth website.

Ben Bernanke is the little man behind the curtain, not the all-poerful wizard. Don’t believe the hype.

On the balance of probability, phase 2 of the credit crunch has begun. The larger trend should be down for a very long time. It is likely to be longer and stronger than phase 1. I wouldn’t touch equities with a barge pole. T-Bills are much safer.

I’m not worried about the US downgrade or higher interest rates on US government debt. The perception of risk regarding those assets is largely an artifact of the rally. That trend, along with many others, is set to reverse. The US should benefit sufficiently from a flight to safety that it should have little difficulty selling its bonds for the next while. As awful as its finances are, it’s the least worst option, at least initially in the deleveraging period.

[Author]

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