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US could lose AAA credit rating
Ft Alpahville ^ | May 22, 2009 | Gwen Robinson

Posted on 05/22/2009 6:26:20 AM PDT by Mozilla

Bill Gross, manager of the world’s biggest bond fund, warned on Thursday the US was “going the way of the UK” and will eventually lose its top AAA credit rating - a fear that had already spooked financial markets on Thursday and could keep the dollar, stocks and bonds under heavy selling pressure, reports Reuters. The US will face a downgrade in “at least three to four years, if that, but the market will recognise the problems before the rating services — just like it did today,” said Gross, co-chief investment officer of Pimco and manager of the Pimco Total Return Fund, which has $154bn in assets.

(Excerpt) Read more at ftalphaville.ft.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: creditrating; economy; us
Every country with AAA rating is worrying about the downgrade. The 64 billion once gold or silver question is which one the first, then the last.

I guess bailing out Bill's senior unsecured bank debt has been quite expensive.

1 posted on 05/22/2009 6:26:20 AM PDT by Mozilla
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To: Mozilla

We lost the AAA market rating when the Fed starting buying TNotes. No other buyers.
Thie is series.


2 posted on 05/22/2009 6:29:15 AM PDT by Oldexpat
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To: Mozilla

That’s right. A lot of CYA going on.


3 posted on 05/22/2009 6:30:45 AM PDT by unkus
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To: Mozilla

What’s going to happen if in four years a presidential candidate asks the question,”are you better of now than you were four years ago?”


4 posted on 05/22/2009 6:31:29 AM PDT by lakertaker (Libertarian Party since 1998)
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To: Mozilla

I’m winning the powerball lottery tommorrow for 190 million, and I’m having a very hard time deciding how to invest my money. When even treasuries are not a safe bet, and gold has run up so much in price, where can I put my millions?


5 posted on 05/22/2009 6:35:38 AM PDT by Woebama (Paying for my neighbor's mortgage and Wall Street's bonuses sure is hard.)
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To: Mozilla

Denninger hit this one out of the ballpark yesterday.


6 posted on 05/22/2009 6:39:47 AM PDT by junta (The Left must be divided and conquered one cult at a time.)
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To: Mozilla
US could lose AAA credit rating

Thank you Osama Hussein Bin 0bama!

/sarc

7 posted on 05/22/2009 6:41:46 AM PDT by The Sons of Liberty (Proud Veteran - Sworn to Defend The Constitution! - Caution: That makes me a Right-Wing Extremist.)
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To: Woebama

Just send them to me.


8 posted on 05/22/2009 6:42:07 AM PDT by rightwingintelligentsia (Stop the wanton destruction of innocent squirrels!)
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To: lakertaker

there will be films, TV programs, front pages all about how it was all Bushes fault and greedy business peoples fault.


9 posted on 05/22/2009 6:42:16 AM PDT by GeronL
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To: Woebama

feel free to truck some of it to me in cash, I will store it for your for a small fee of 1%, per annum


10 posted on 05/22/2009 6:43:14 AM PDT by GeronL
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To: Mozilla
"The US will face a downgrade in “at least three to four years, if that, but the market will recognise the problems before the rating services — just like it did today,” said Gross,"

Three or four years? Wishful thinking. More like 3-4 months. The collapse of the largest independent bank in Florida yesterday (and the mad rush to buy it up and minimize the damage and a potential run on banks) is a glimpse of what is just under the surface right across the country.

11 posted on 05/22/2009 6:44:02 AM PDT by Nathan Zachary
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To: Mozilla

At some point, people will start putting blame where it belongs, the failed policies of the Obama Administration. Perhaps that was not the wisest $1 trillion we ever spent?????


12 posted on 05/22/2009 6:45:02 AM PDT by Always Right (Obama: more arrogant than Bill Clinton, more naive than Jimmy Carter, and more liberal than LBJ.)
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To: Mozilla
US could lose AAA credit rating

This is the CURE, NOT THE PROBLEM, for the completely out of control democrat party corruption.

13 posted on 05/22/2009 6:45:55 AM PDT by FormerACLUmember (Chains you can believe in.)
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To: Woebama
We will be glad to invest your money in safe and secure investments. Please wire the funds to our AAA rated financial firm at your first opportunity to the following site. We will be in contact with you shortly afterwards to schedule a meeting. Your trust is our objective.

Banque de Nigeria

14 posted on 05/22/2009 6:45:57 AM PDT by OB1kNOb (I'm all for cap & trade. I want to cap government's power and trade it for a conservative one.)
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To: Woebama
"I’m winning the powerball lottery tommorrow for 190 million, and I’m having a very hard time deciding how to invest my money. When even treasuries are not a safe bet, and gold has run up so much in price, where can I put my millions?"

In a country north of the border. You're just in time too. You can make 25% in a just a few months. The Canuck buck is on the rise again as our dollar flutters, and speculation is it will go well above par this time, so 25% is a very conservative figure. 50% by xmas is possible. Double your money in 6 months.

15 posted on 05/22/2009 6:49:26 AM PDT by Nathan Zachary
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To: Woebama

Then when the USD hits bottom, change those canuck bucks back to USD and wait for the dollar to go up. triple your money in a few years.


16 posted on 05/22/2009 6:50:33 AM PDT by Nathan Zachary
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To: OB1kNOb

Thank you so much for your sage advice. I have read about Nigerian investing somewhere and will look into that opportunity.


17 posted on 05/22/2009 6:51:17 AM PDT by Woebama (Paying for my neighbor's mortgage and Wall Street's bonuses sure is hard.)
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To: Woebama

I’d buy land, fence it off, and build my own little survivalist bunk... er, retreat. ;)


18 posted on 05/22/2009 6:52:24 AM PDT by gieriscm (07 FFL / 02 SOT - www.extremefirepower.com)
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To: gieriscm
"I’d buy land, fence it off, and build my own little survivalist bunk... er, retreat. ;)"

Bah! Obama will just expropriate it and you'll end up with nothing but overdue land tax bills, then prison for refusing to pay them.

19 posted on 05/22/2009 6:54:15 AM PDT by Nathan Zachary
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To: Oldexpat

It’s hugh


20 posted on 05/22/2009 6:55:52 AM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: Nathan Zachary

It makes sense (I don’t know much about currency trading) . . . but trading on the relative prospects of economies and currencies makes sense when the overall prospects of all economies are bad makes sense.


21 posted on 05/22/2009 6:56:25 AM PDT by Woebama (Paying for my neighbor's mortgage and Wall Street's bonuses sure is hard.)
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To: gieriscm

I’d buy land, fence it off, and build my own little survivalist bunk... er, retreat. ;)
_______________________________________

Well, of course. That goes without saying.


22 posted on 05/22/2009 6:58:14 AM PDT by Woebama (Paying for my neighbor's mortgage and Wall Street's bonuses sure is hard.)
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To: Mozilla

The fact that we haven’t already lost the “AAA” rating means the rating is useless and is a measure of nothing.


23 posted on 05/22/2009 7:01:13 AM PDT by Psycho_Bunny (ALSO SPRACH ZEROTHUSTRA)
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To: Mozilla

News reports of the lower bond rating, as well as the Fed president warning of higher inflation are the cattle fences coming into view as we, the sheeple, are herded by fascists toward their global currency.


24 posted on 05/22/2009 7:14:43 AM PDT by Nephi (Like the failed promise of Fascism, masquerading as Capitalism? You're gonna love Marxism.)
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To: Woebama
I’m winning the powerball lottery tommorrow for 190 million, and I’m having a very hard time deciding how to invest my money. When even treasuries are not a safe bet, and gold has run up so much in price, where can I put my millions?

I've got some investments for you!

25 posted on 05/22/2009 7:15:41 AM PDT by TSgt (Extreme vitriol and rancorous replies served daily. - Mike W USAF)
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To: MikeWUSAF

Hey! You look like you know what you are doing. Do you have a prospectus?


26 posted on 05/22/2009 7:17:39 AM PDT by Woebama (Paying for my neighbor's mortgage and Wall Street's bonuses sure is hard.)
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To: Woebama

My firm’s prospectus is simple.

Pick a rate of return and we’ll make it happen!


27 posted on 05/22/2009 7:21:01 AM PDT by TSgt (Extreme vitriol and rancorous replies served daily. - Mike W USAF)
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To: MikeWUSAF

My firm’s prospectus is simple.

Pick a rate of return and we’ll make it happen!
________________________________________________

I like it. It’s simple. KISS (Keep it simple, stupid). I want 12%.


28 posted on 05/22/2009 7:24:14 AM PDT by Woebama (Paying for my neighbor's mortgage and Wall Street's bonuses sure is hard.)
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To: Woebama

I’ve got a great technology for boneless ice cream.


29 posted on 05/22/2009 7:24:33 AM PDT by Walmartian
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To: Mozilla

Best thing that could happen.

Some of those filthy rich Liberals need to lose it all.

The only way to bring the USofA back is to promote the same Entrepreneurial Spirit that created this Nation.


30 posted on 05/22/2009 7:37:22 AM PDT by HighlyOpinionated (Sarah Palin and Michele Bachmann in 2012. With Dick Cheney as Secretary of State.)
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To: Woebama

Food, non hybrid seeds and a place out in the woods near the mountains somewhere...


31 posted on 05/22/2009 7:57:22 AM PDT by mdmathis6
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To: Woebama
I want 12%.

We'll pay 13% because you are a new customer!

Safe Harbor Statement: This communication contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and actual results will differ materially from those projected as a result of certain risks and schemes, including but not limited to: the overall number of investors subscribing to our ponzi-scheme, our customers' desire to cash in their "investments" before you and our ability to hide our business transactions from the SEC.
32 posted on 05/22/2009 9:25:59 AM PDT by TSgt (Extreme vitriol and rancorous replies served daily. - Mike W USAF)
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