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Originally posted by mnemeth1
Keep thinking that.
The people will not stand for a third war of aggression.
Originally posted by GreenBicMan
I wish I was compensated for putting information on these boards. Definately wouldn't have a broken down hyundai in the driveway....
March 15 (Bloomberg) -- The U.S. and the U.K. have moved “substantially” closer to losing their AAA credit ratings as the cost of servicing their debt rose, according to Moody’s Investors Service.
Originally posted by GreenBicMan
reply to post by mnemeth1
Why shouldn't we have a AAA rating?
What other countries would you rate above us currently? The USA has never missed a payment and is backed by the full credit and faith of the US Gov. What other market with that liquidity can you put billions of dollars to work that efficiently? Your avatar should be a "F" for FAIL instead of "A".
The ECB's executive board member Juergen Stark had a rare admission (and even rarer for a central banker demonstration of rationality) that not only are most advanced economies about to enter a "third wave, a sovereign debt crisis in most advanced economies", not only is a "timely exit of extraordinary fiscal measures crucial in order to ensure a continued recovery", but that the mentioned recovery and economic improvements are largely as a result of "massive support measures taken by governments and central banks." In other words, the whole episode of the past year has been a one-time item which most analysts would exclude from "recurring operations" yet due to the magic of the Keynesian magic wand, the new normal is expected to persists as the magical "consumer" at some point takes over the recovery from the government effort.
Originally posted by xxshadowfaxx
Sigh, this will never happen. They wouldn't let it happen.
William Engdahl, author of "Full Spectrum Dominance", says the roots of the euro's crisis lie in the U.S.