Oh Oh !

[DOGS THAT BARK]

<LI style="MARGIN-TOP: 19px">Thursday, June 9, 7:32 AM German credit rating agency Feri Rating downgrades U.S. debt from AAA to AA, citing "the high public debt, inadequate fiscal measures, and weaker growth prospects." The CEO of the group says deficits of "double digit percentages relative to GDP" are not sustainable. :nooo:

 

[rusty]

And the noose gets tighter!!:0003

 

[ssd]

This is not good news for anyone.

Interest rates will rise - (well, I think they are going to anyway, but.....)


This raises a lot of issues

 

[Chadman]

I agree on the interest rates rising - but I also think they should have risen a long time ago - all the way back to the late Bush years. Both administrations have kept them down to look better, and we should have already been letting things happen as they normally would have.

 

[ssd]

The long-term cyclical data that I look at shows interest rates bottoming. Could take 1 year or 10 years for the 'bottom' to form but it is happening.

The bad side is that the borrowing costs for the US govt are going to skyrocket. You think the debt is bad now?

Ugh.

Same for states and cities - all borrowing costs are going to go up - for individuals as well on mortgages and car loans, etc.

 

[StevieD]

Long term rates have room to fall. They need to fall or we can kiss the country goodbye.

 

[Lumi]

Directed at the US Government !

 

[DOGS THAT BARK]

Fed to Announce 'Final Bond Purchases' Today...

The flood of Federal Reserve money that has supported Wall Street and the rest of the U.S. economy for two and a half years will shrink to a trickle with the conclusion of the Fed's bond purchases announced Friday.

 

[Duff Miver]

<LI style="MARGIN-TOP: 19px">Thursday, June 9, 7:32 AM German credit rating agency Feri Rating downgrades U.S. debt from AAA to AA, citing "the high public debt, inadequate fiscal measures, and weaker growth prospects." The CEO of the group says deficits of "double digit percentages relative to GDP" are not sustainable. :nooo:

The German credit rating is absolutely meaningless. Nobody anywhere on earth gives a shit what some German outfit says. US debt is still believed by everyone who is a real player as the most secure of all. The opinion of doggie and other assorted nut-jobs counts for nothing, since they are have no money to buy US bonds.

US long term Treasury rates are lower than they have been in 40 years. That's a good thing. It means that we can borrow easily, and as old bonds mature and new ones are issued, our interest cost are rapidly declining, becoming an ever declining expenditure.

Go ahead, argue against the facts, doggie,

 

[DOGS THAT BARK]

Nice find on charts --once again Muffins :mj07:

--source
http://www.interfluidity.com

We'll add you to the are you smarter than a 5th grader along with this admin.

On debt --Moody's and Fitch both stated our ratings were in jeopardy unless (get this)
--We borrow more money to pay off our existing obligation.

++++++++++++++++++++++++++++
Ratings Agencies Circling the U.S.

Douglas Borthwick submits:On Friday, the Dagong Global Credit Rating Co Ltd in China reported that "In our opinion, the United States has already been defaulting." The statement was made by Guan Jianzhong, the firm's president. Dagong is the only Chinese agency that offers sovereign ratings. ([SIZE=+0]read here[/SIZE] [SIZE=+0])[/SIZE]
[SIZE=+0]Also on Friday, the German Ratings Agency Feri downgraded the U.S. to AA from AAA, due to "high public debt, inadequate fiscal measures, and weaker growth prospects." ([/SIZE] [SIZE=+0]read here[/SIZE] [SIZE=+0])[/SIZE]
[SIZE=+0]Fitch, Standard and Poor's and Moody's have all warned that the U.S. could be downgraded if it does not raise the debt ceiling.[/SIZE]
[SIZE=+0]Incredible that only through borrowing more will the U.S. not be downgraded by the three U.S. ratings agencies.[/SIZE]
[SIZE=+0]We have been stating for some time that Peripheral European news will be less important as problem countries are bailed out. We have been waiting for U.S. fiscal problems to come[/SIZE]

Complete Story
+++++++++++++++++++++++++++++++
Essentially- we borrow money to buy are own bonds (borrow money from ourselves at interest) to fund Dems spend-a-thon.
Solution is take away the Govs credit card and issue debit card.

Now as ridiculus as that may sound here is one even more ridiculus--

Existing entitlements are bankrupting country --solution is-
add yet another the grand daddy of all (obamacare) and add 11 million illegals --oops "Undocumented" to the roll as well--:facepalm:

You can't make this shit up!


Hellen Keller could see the writing on the wall-long time ago
http://www.madjacksports.com/forum/showthread.php?t=361306&highlight=point+of+no+return

We will never see 5% employment again--as business's have spent past 2 years building plants over seas or leaving U.S. entirely.

They see the writing on the wall as many do--
you add the illegals to voting block you will have essentially a one party system-


Muffy You and your pack are the few here that are better off last 2 years. You got welfare raise and increase in food stamps-
But most here have seen rampant unemployment-home values at all time low--bank failures at all time high

---and how's your Momma?:SIB

 

[Duff Miver]

Nice find on charts --once again Muffins :mj07:

--source
http://www.interfluidity.com

We'll add you to the are you smarter than a 5th grader along with this admin.

Yep, I was correct again. doggie doesn't know where the chart came from, even though it says right on the face of it "Source: Board of Governors of the Federal Reserve System"


You can't make this shit
up.

doggie, you're embarrassment to your race. You'd be an embarrassment to any race....or species.