This should be a good one for obama's resume:
Pimco's Gross: Sell-off driven by fears US could lose AAA | Special Coverage | Reuters
Pimco's Gross: Sell-off driven by fears US could lose AAA | Special Coverage | Reuters
His recklessness scares the shiz out of anyone wit a remote clue about finance or economics.
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There was a couple articles on drudge today, stating the dollar is getting ready to get hammered.
He started in the 80's, now he's in the 50's is the last i heard on the news. That's not high for a president that has been in office for 5 months
in the end, if we can't find new and sustainable liquidity outlets, there is no way that we can make good on all the promises of this administration. At that point, which bills will we stop paying? Gotta think it's the interest tab, which would leave the agencies no choice.if this actually happens you have no idea the effect this could have on the dollar and the economy. once again no way do the rating agencies have the balls to do this. the obama administration would go apecrap too.