US could lose AAA credit rating

Ft Alpahville ^ | May 22, 2009 | Gwen Robinson

[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.

[Woebama]

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.

[Woebama]

I’d buy land, fence it off, and build my own little survivalist bunk... er, retreat. ;)
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Well, of course. That goes without saying.

[Psycho_Bunny]

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

[Nephi]

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.

[TSgt]

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!

[Woebama]

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

[TSgt]

My firm’s prospectus is simple.

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

[Woebama]

My firm’s prospectus is simple.

Pick a rate of return and we’ll make it happen!
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I like it. It’s simple. KISS (Keep it simple, stupid). I want 12%.

[Walmartian]

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

[HighlyOpinionated]

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.

[mdmathis6]

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

[TSgt]

I want 12%.

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

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