US Debt
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Edureach:
Yup... that's what it is...US needs the coperation and help from the no.2 economy. No.3 brother is now struggling can't help much.
My personal view is that though the risk of double bottom in US has increased significantly, whether it will eventually materialise is still uncertain at thispoint as a lot still depends on their policy decisions and politicians from both sides of divide.
For retail players, best to sit out as the macro picture in the west is bleak though many leading US conpanies are currently reporting good numbers.
But the US companies reporting good numbers are not giving good forward guidance...
And it is not likely to be the final end to this... more debt will be created, more inflation, more of the same medicine that we all know so clearly does not work in the long run.
It's in the making... and the picture is getting clearer... -
BlurBee:
buy what ? :evil: :evil:Might be.
So those who r cash rich do standby ur cash. :evil:
woke up at 4 this morning and saw the bloodbath on my iphone -
MadScientist:
if you talk to the bankers on the Street, the consensus is that double bottom is surely on the way
Yup... that's what it is...Edureach:
US needs the coperation and help from the no.2 economy. No.3 brother is now struggling can't help much.
My personal view is that though the risk of double bottom in US has increased significantly, whether it will eventually materialise is still uncertain at thispoint as a lot still depends on their policy decisions and politicians from both sides of divide.
For retail players, best to sit out as the macro picture in the west is bleak though many leading US conpanies are currently reporting good numbers.
But the US companies reporting good numbers are not giving good forward guidance...
And it is not likely to be the final end to this... more debt will be created, more inflation, more of the same medicine that we all know so clearly does not work in the long run.
It's in the making... and the picture is getting clearer... -
verykiasu2010:
Lucky is on ur iphone.
buy what ? :evil: :evil:BlurBee:
Might be.
So those who r cash rich do standby ur cash. :evil:
woke up at 4 this morning and saw the bloodbath on my iphone
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BlurBee:
Lucky is on ur iphone.
buy what ? :evil: :evil:verykiasu2010:
[quote=\"BlurBee\"]Might be.
So those who r cash rich do standby ur cash. :evil:
woke up at 4 this morning and saw the bloodbath on my iphone[/quote]what lucky ? dropped 5 % on my counter, harder to work going forward :evil: :evil:
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What to do with US$ now?
& yen … sigh weak also no mood to go Japan -
verykiasu2010:
if you talk to the bankers on the Street, the consensus is that double bottom is surely on the way[/quote]My view is that they need a bull market to make $$$... Bear markets see them lose $$$. So, at times, need a more objective POV... A dead cat bounce is no double bottom IMHO.
Yup... that's what it is...MadScientist:
[quote=\"Edureach\"]US needs the coperation and help from the no.2 economy. No.3 brother is now struggling can't help much.
My personal view is that though the risk of double bottom in US has increased significantly, whether it will eventually materialise is still uncertain at thispoint as a lot still depends on their policy decisions and politicians from both sides of divide.
For retail players, best to sit out as the macro picture in the west is bleak though many leading US conpanies are currently reporting good numbers.
But the US companies reporting good numbers are not giving good forward guidance...
And it is not likely to be the final end to this... more debt will be created, more inflation, more of the same medicine that we all know so clearly does not work in the long run.
It's in the making... and the picture is getting clearer...
Again, the game changes as Edureach put it... When the powers that be throw money... Then it repeats the cycle... And when the money runs out and we are left with debts to pay and inflation... It's a party like the 70s! -
http://www.marketwatch.com/story/us-triple-a-debt-rating-cut-by-standard-poors-2011-08-05
For those who didn't think is would happen... It happened, news out 20 mins ago. -
MadScientist:
Wow! That is a new twist.http://www.marketwatch.com/story/us-triple-a-debt-rating-cut-by-standard-poors-2011-08-05
For those who didn't think is would happen... It happened, news out 20 mins ago. -
matrix0405:
WASHINGTON: Standard & Poor's cut the US credit rating for the first time in history Friday, saying the country's politicians are increasingly unable to come to grips with its massive fiscal deficit and debt load.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.
S&P cut the US rating from its top-flight triple-A one notch to AA+, and added a negative outlook to it, saying there was a chance it could be downgraded again within two years if progress is not made cutting the huge government budget gap.
It was the first time the US was downgraded since it received an AAA rating from Moody's in 1917; it has held the S&P rating since 1941.
http://www.channelnewsasia.com/stories/afp_world_business/view/1145397/1/.html
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