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

[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.

[KIBU]

How come China is joining ranks with the Tea Party doctrine???

http://www.washingtonpost.com/world/asia-pacific/china-bluntly-tells-us-to-end-its-addiction-to-debts/2011/08/06/gIQABGJ9xI_story.html

[KIBU]

How come China is joining ranks with the Tea Party doctrine???

http://www.washingtonpost.com/world/asia-pacific/china-bluntly-tells-us-to-end-its-addiction-to-debts/2011/08/06/gIQABGJ9xI_story.html

[KIBU]

How come China is joining ranks with the Tea Party doctrine???

http://www.washingtonpost.com/world/asia-pacific/china-bluntly-tells-us-to-end-its-addiction-to-debts/2011/08/06/gIQABGJ9xI_story.html

[KIBU]

How come China is joining ranks with the Tea Party doctrine???

http://www.washingtonpost.com/world/asia-pacific/china-bluntly-tells-us-to-end-its-addiction-to-debts/2011/08/06/gIQABGJ9xI_story.html

[KIBU]

How come China is joining ranks with the Tea Party doctrine???

http://www.washingtonpost.com/world/asia-pacific/china-bluntly-tells-us-to-end-its-addiction-to-debts/2011/08/06/gIQABGJ9xI_story.html

[Arraya]

[quote=Arraya][quote=CA renter][

That’s all part of the show. ([/quote]

Which really begs the question what part of the show is this downgrade.[/quote]

Epiphany! It’s all scare tactics to get people back into equities.

[Arraya]

[quote=Arraya][quote=CA renter][

That’s all part of the show. ([/quote]

Which really begs the question what part of the show is this downgrade.[/quote]

Epiphany! It’s all scare tactics to get people back into equities.

[Arraya]

[quote=Arraya][quote=CA renter][

That’s all part of the show. ([/quote]

Which really begs the question what part of the show is this downgrade.[/quote]

Epiphany! It’s all scare tactics to get people back into equities.

[Arraya]

[quote=Arraya][quote=CA renter][

That’s all part of the show. ([/quote]

Which really begs the question what part of the show is this downgrade.[/quote]

Epiphany! It’s all scare tactics to get people back into equities.

[Arraya]

[quote=Arraya][quote=CA renter][

That’s all part of the show. ([/quote]

Which really begs the question what part of the show is this downgrade.[/quote]

Epiphany! It’s all scare tactics to get people back into equities.

[afx114]

Wait, is this the same ratings agency that rated all that toxic sub-prime shit AAA?

[afx114]

Wait, is this the same ratings agency that rated all that toxic sub-prime shit AAA?

[afx114]

Wait, is this the same ratings agency that rated all that toxic sub-prime shit AAA?

[afx114]

Wait, is this the same ratings agency that rated all that toxic sub-prime shit AAA?

[Author]

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