S & P just lowered US debt rating

Discussion in 'Economics & Trade' started by bacardi, Aug 5, 2011.

  1. bacardi

    bacardi New Member

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    I just heard this on the news.....has anybody else heard about it? Funny how they pick the weekend to announce this......I guess to prevent panick selling LOL. Shall be an interesting monday :)
     
  2. bacardi

    bacardi New Member

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    looks like finally the interest rate on treasuries will have to rise.....that is.....unless Bernacke plans to buy a heck of alot more treasuries LOL :mrgreen:
     
  3. dudeman

    dudeman New Member

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    It is interesting that the announcement was made on a Friday after 4 pm. Luckily, I am completely devoid of USA stocks and treasuries. My concern is still with the dollar valuation. I can only buy so many cans of fruit. The Canadians should be securing the border soon to prevent the mass exodus.
     
  4. mapleleafer8

    mapleleafer8 New Member Past Donor

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    as long as you all leave your guns there we welcome you all
     
  5. Beevee

    Beevee New Member Past Donor

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    Not a chance, as we need target practice. :)
     
  6. dudeman

    dudeman New Member

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    Beevee said, not a chance. You need to get your mounted police and military at the border soon. Forget Alaska, they probably don't even use the USA dollar already. Focus on the USA/Canada border. Going to Canada is right after committing suicide on my list of things to do if the dollar collapses. I might have too many people to shoot locally.
     
  7. bacardi

    bacardi New Member

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    but will you be able to afford bullets ? :)
     
  8. bacardi

    bacardi New Member

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    so where are Iriemon, Dujac, 17thandK and my other clueless budies? :)
     
  9. bacardi

    bacardi New Member

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    Japan also has a double A rating....but at least they can borrow from their own people thus dictating what interest rate they will pay, but the US has to borrow abroad, that mean they are vulnerable to market forces and that means higher interest rates! :)
     
  10. toddwv

    toddwv Well-Known Member Past Donor

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    From their press release:

    So the Republicans held the debt ceiling hostage. This would've been a ROUTINE event but the t-party just HAD to dig their trenches.

    This will now cost us hundreds of BILLIONS over the next few years.

    Way to go *********s! (*)(*)(*)(*)ing retards!
     
  11. bacardi

    bacardi New Member

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    look at the bright side......GOLD SHOULD DO EXTREMELY WELL LOL! :)
     
  12. bacardi

    bacardi New Member

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    so who thinks the markets are going to rise on monday? :mrgreen:
     
  13. bacardi

    bacardi New Member

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    actually on our sunday night the asian markets open....so I guess the party will start early :)
     
  14. Gator Monroe

    Gator Monroe Banned

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    Unemployment 12% Dow below 11k (Prior to 12 election cycle)
     
  15. DA60

    DA60 Banned

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    I hope so...silver as well.
     
  16. bacardi

    bacardi New Member

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    and can you imagine if Bernacke starts buying even more treasuries to calm the markets? Gold and silver will benefit handsomely :)
     
  17. Joe Six-pack

    Joe Six-pack Banned

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    It would certainly boost your portfolio. But hopefully we'll be taking austerity measures now that we've been downgraded.
     
  18. bacardi

    bacardi New Member

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    the markets desperately need to purge from its excesses......that means several banks must fail and housing prices must fall....I doubt the fed will allow this and so this is why I am confident that things wont get better anytime soon!
     
  19. DA60

    DA60 Banned

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    [ame="http://www.youtube.com/watch?v=SgNLTb58K_Y"]‪S & P AA+ rating on U.S. Sovereign Debt not Low Enough‬‏ - YouTube[/ame]
     
  20. bacardi

    bacardi New Member

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    yup.......Peter Schiff has been warning everybody that the emperor has no clothes! The US that is! :)
     

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