Downgrade
5 Responses to “Downgrade”
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August 3rd, 2011 at 1:26 pm
In the short term this probably wont have much of an impact. China will still buy US debt and few markets recognize the Chinese rating firm. It does raise questions about the accuracy and reliability of the big 3thing ratings agencies though.
August 3rd, 2011 at 1:26 pm
In the short term this probably wont have much of an impact. China will still buy US debt and few markets recognize the Chinese rating firm. It does raise questions about the accuracy and reliability of the big 3 ratings agencies though.
August 3rd, 2011 at 1:27 pm
Sorry for the double post
August 3rd, 2011 at 2:13 pm
Nobody cares what the Chinese think!
It’s not like they’re lending us any money…Say again? China is the largest foreign holder of U.S. Treasuries?!
We are soooo f***ed…
August 3rd, 2011 at 6:54 pm
Markie Marxist sez: “Cool! My commie compadre, Comrade President Obama downgrades the US economy, and my commie compadres in China subsequently downgrade US bonds. We Marxists are winning and American capitalism is losing! Uh, but it’s not a conspiracy. It’s, uh, a coincidence. That’s all it is. No conspiracy, after all, our dear leftist leader has to face re-election next year and a conspiracy wouldn’t look good, so it’s just a coincidence. A communist coincidence! Ha! Ha! Destroying capitalism and bringing down America! Ha! Ha!”