Posted on 01/13/2012 2:25:57 PM PST by SeekAndFind
Well, the ‘big three’ are in trouble. They could be downgraded too.
All of them posted massive deficits last year. Certainly, nothing like in the US, but things are bad.
So we shall see.
When we gut our military the reasons foreigners buy our debt (oil in dollars for just one example) will disappear.
And to accelerate our downfall we’ll gut the military to free more money for welfare programs...
I was kidding, yet I see Spain and Italy yields fell today!
foreigners are no longer buying our debt, just the Fed. Although I have heard the Treasury is going to try and sell some debt backed by US real estate. We'll see how that goes.
“This is the end / Beautiful friend / This is the end / My only friend, the end / Of our elaborate plans, the end / Of everything that stands, the end”
Thank you Jim Morrison and the Doors.
Funny how the song almost parallels what was(is) going on in Europe and here. We are facing the end I suspect. Just when??
That should be good for a 300 point rally come Monday.
Nope, the Dow won’t budge on Monday.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.