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Re: AAA rating

By: orda in ALEA | Recommend this post (0)
Wed, 27 Jul 11 4:55 PM | 44 view(s)
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Msg. 05508 of 54959
(This msg. is a reply to 05505 by Cactus Flower)

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The above is a reply to the following message:
Re: AAA rating
By: Cactus Flower
in ALEA
Wed, 27 Jul 11 2:01 AM
Msg. 05505 of 54959

Yep.

I just don't see how you can have Uncle Sam's debt decline relative to other forms of debt. If US debt is more risky, so is every other form of debt - if not more so. So relatively, nothing is changed, except that other forms of debt are perhaps more risky.

What is the Platonic AAA rating meant to be if it isn't the US itself?


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