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credit rating cut again?`

redrobin

Well-known member
Since the fed is our largest buyer of govt. debt, I guess it won't matter much.

http://www.forexlive.com/blog/2012/09/11/moodys-expects-to-cut-us-rating-without-deal-to-lower-debtgdp-ratio/

Moody’s Text: To Downgrade US If No Deal To Cut Debt/GDP Ratio
 

Tam

Well-known member
The author of the article doesn't seem to know the US was already downgraded off of the AAA rating due to Obama's lack of leadership. :wink:
 

redrobin

Well-known member
o

(CNBC) Ratings firm Egan-Jones cut its credit rating on the U.S. government to “AA-” from “AA,” citing its opinion that quantitative easing from the Federal Reserve would hurt the U.S. economy and the country’s credit quality.

The Fed on Thursday said it would pump $40 billion into the U.S. economy each month until it saw a sustained upturn in the weak jobs market. (Read more: Fed’s ‘QE Infinity’ — Four Things That Could Go Wrong)

In its downgrade, the firm said that issuing more currency and depressing interest rates through purchasing mortgage-backed securities does little to raise the U.S.’s real gross domestic product, but reduces the value of the dollar.
 

Tam

Well-known member
The US has never had a downgrade in their credit rating and since this incompetent Oldtimer supported twit has taken office the US has recieved two downgrades and if Moody follows through with their downgrade that will make three in all of US history, all under OBAMA. And the pundits still think this complete idiot deserves four more years. :mad:
 
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