US Debt

[ohdaddy]

matrix0405:

tankee:

i wonder what will happen if US credit rating is adjusted downwards. I just hope that the impact to world economy is not too big when it happens. :sad:

US based rating agency like Moody & S&P 'will' not adjust their master's rating down. They, however, are free to 'wack' the PIGS in Europe. Now the debt problem in US is solved, the next drama should be from Europe. Moody & S&P will be the supporting cast.

You hit the nail on the head. They can say what they want for now but really in the end, Moody S&P would shout 3 bags full and AAA still solid. Europe.....will get a lashing

[Nebbermind]

US debt visualized.


http://usdebt.kleptocracy.us/

[MadScientist]

MadScientist:

verykiasu2010:

well, they did reach a solution before time runs out. that is truly a bad news because it means the US$ will depreciate more in the next few years as they move towards the new ceiling for the their national debt


it is good time to borrow in USD

Not exactly true... the rise in Treasuries are indicating something otherwise... the effects of this debt ceiling increase appears to imply a larger and more significant effect on the economy.

The USD is rising, and may rise significantly due to Treasury demand.

Right now, as I am posting this, the US markets are down significantly on high volume, and at the lowest point, the S&P Emini futures were down -40.

Fears of recession are creating a massive selloff. The USD spiked further from BoJ and BoS intervention in their currency... Then fuelled further by a massive influx of cash (USD demand) into US Treasuries... Particularly now that Moody's conveniently reiterated the AAA status despite a negative outlook.

This small \"bubble\" may pop before a longer term trend sets in, and is likely going to be from a rating agency smack.

Watch out on Friday as Asian markets bleed... And also the Non-Farm Payrolls at SG time 2030hrs. IF that is bad (likely so), there will be yet another bloodbath. A dead cat bounce should be along shortly thereafter.

:xedfingers:

Take care!

[MadScientist]

Good morning! You just woke up to a MAJOR day in global markets. The S&P500 puked its guts out and Asian markets are going to BLEED! The Head & Shoulders pattern broke down 2 days ago, tested and failed the neckline and then hit its downside target within 2 days with a 60 point drop in the S&P500! Amazing volatility!

[tankee]

The fear of a double-dip recession with the slowdown in the US and the sovereign debt situation in Europe sent the stock markets tumbling.


Dow Jones Industrial Average suffered its worst one-day drop since December 2008 to close 4.3 percent lower at 11,383.68, erasing all this year's gains.

The broader S&P 500 dropped 4.8 percent to end the day at 1,200.07, while the tech-heavy Nasdaq Composite dived 5.1 percent to 2,556.39.

London's benchmark FTSE 100 index fell 3.43 percent, retreating to levels last seen in September 2010 while in Frankfurt the DAX fell 3.40 percent, and France's CAC 40 dropped 3.90 percent.

Asian stock markets tumbled in early trade on Friday following the fall in the US and European markets amid fears the world was heading towards another financial crisis.

Singapore dropped almost 3.6 percent.

Australia's benchmark S&P/ASX 200 was 174 points lower at 4,102, while in Tokyo the Nikkei index plunged 395.09 points, or 4.09 percent, to stand at 9,264.09.

In Seoul, the benchmark KOSPI index fell 81.30 points, or 4.0 percent, to 1,937.17 -- the lowest level since March.

:sad:

[BlurBee]

Might be.

So those who r cash rich do standby ur cash. :evil:

[Nebbermind]

BlurBee:

Might be.

So those who r cash rich do standby ur cash. :evil:

and check property listing in papers and internet!!

[tankee]

if it really happens, it might be worse than the last one since we are just recovering from it

[nettie]

OMG! SGX drop 108 points!

[nettie]

i think margin call... pple just throw away their holdings ... :moneyflies: :moneyflies: :siam: :imdrowning: :?: