US credit rating slashed....again.

[dontworrybehappy]

http://www.cnbc.com/id/49037337

Wow, it was historical to have the credit rating downgraded one time under Obama, now it's been downgraded twice. Unbelievable. There IS a consequence to being 16 trillion in debt. People start to realize....YOU CAN'T POSSIBLY PAY THAT ALL BACK!

Moodys, Fitch and S&P have not downgraded their credit rating for the USA again, but, all 3 have a negative outlook. Of course they do, debt continues to rise, true unemployment continues to increase....what is positive about that?

[Indy]

You do remember why it was downgraded the first time, right?

[Boris Johnson]

All Obama's fault, if only he suspended congress like true Caesar everything would be ok.

[The Comrade]

barack husulla obama?

[Revenant]

*looks at bond yields*

Date 1 mo 3 mo 6 mo 1 yr 2 yr 3 yr 5 yr 7 yr 10 yr 20 yr 30 yr
09/04/12 0.10 0.10 0.14 0.16 0.23 0.31 0.62 1.03 1.59 2.30 2.69
09/05/12 0.11 0.11 0.14 0.17 0.25 0.32 0.62 1.04 1.60 2.32 2.70
09/06/12 0.10 0.11 0.14 0.18 0.27 0.34 0.68 1.12 1.68 2.41 2.80
09/07/12 0.09 0.11 0.14 0.18 0.25 0.33 0.64 1.09 1.67 2.42 2.81
09/10/12 0.09 0.10 0.14 0.18 0.25 0.33 0.66 1.10 1.68 2.43 2.83
09/11/12 0.09 0.10 0.14 0.18 0.25 0.33 0.67 1.12 1.70 2.44 2.84
09/12/12 0.09 0.10 0.13 0.18 0.25 0.33 0.70 1.17 1.77 2.52 2.92
09/13/12 0.10 0.10 0.13 0.17 0.24 0.32 0.65 1.12 1.75 2.53 2.95
09/14/12 0.08 0.11 0.13 0.18 0.27 0.35 0.72 1.23 1.88 2.68 3.09

http://www.treasury.gov/resource-center ... data=yield

I daresay we'll be okay. Ratings agencies once again showcasing their age and relative lack of usefulness.

[Mr.Bill]

Don't be dissing the rating agencies... The crash in 2008 couldn't have happened without them..

That says all about how trustworthy they are...

[Boris Johnson]

The rating agencies are in part a reflection of what the market thinks, there not simply plucking this stuff from the aether.

And well, though Rev's right and the bond yields have remained pretty stable for the last 2 years, no one really thinks your even coming close to getting your debt crisis sorted.

[Revenant]

[Mr.Bill]

[Boris Johnson]