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almostcutmyhair
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U.S. to Get Downgraded in 2013

October 25th, 2012, 7:38 pm

"The U.S. will get downgraded, it's a question of when," Scott Mather, Pimco's head of global portfolio management.U.S. to Get Downgraded Amid Fiscal "Theater," Pimco SaysReally?
Last edited by almostcutmyhair on October 24th, 2012, 10:00 pm, edited 1 time in total.
 
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willsmith
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U.S. to Get Downgraded in 2013

October 25th, 2012, 7:42 pm

If nobody thought it possible, it wouldn't already be on negative watch at some rating's agencies.It's hardly new news, is it ? "Moody's Warns of US Debt Downgrade - ABC News" - 11 Sep.
 
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DavidJN
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U.S. to Get Downgraded in 2013

October 25th, 2012, 9:00 pm

Standard & Poors already did it in August 2011, down one notch on their grade system to AA-plus.Presumably you are wondering about a second S&P downgrade or a downgrade by another rating agency.Why not? Despite having a remarkably flexible private sector, a capitalist's dream (low unionization rates, low or non-existent benefits & pensions, an outsized reserve army of the unemployed) it seems clear that their political system is incapable of having adult conversations about government spending and taxes.
 
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Hansi
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U.S. to Get Downgraded in 2013

October 25th, 2012, 10:27 pm

On a Macro perspective who cares what the rating agencies think any more? Most people just care on a transaction and regulatory level.
 
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ppauper
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U.S. to Get Downgraded in 2013

October 26th, 2012, 6:47 am

given the trillion dollar deficits obama has been running up, not that surprising
 
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frenchX
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U.S. to Get Downgraded in 2013

October 26th, 2012, 2:10 pm

QuoteOriginally posted by: HansiOn a Macro perspective who cares what the rating agencies think any more? Most people just care on a transaction and regulatory level.Strongly agree to these comments. I think that the credibility of the rating agencies especially for sovereign states is very very low. The impact for the US will be null (actually their yield decreased when SP downgraded them) and the same for France. The market (supply/demand) is the king. And BRIC countries are still hungry of dollars.
 
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tags
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U.S. to Get Downgraded in 2013

October 26th, 2012, 8:27 pm

QuoteI think that the credibility of the rating agencies especially for sovereign states is very very lowi'm not sure the right debate is on the "credibility" of rating agencies. are they great professionals? what are there rating methodologies? we don't mind.the fact is that rating agencies "exist", they are part of the market environment. and the truth is that their ratings or not impact prices/markets.
Last edited by tags on October 25th, 2012, 10:00 pm, edited 1 time in total.
 
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almostcutmyhair
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U.S. to Get Downgraded in 2013

October 27th, 2012, 8:12 am

QuoteOriginally posted by: edouardQuoteI think that the credibility of the rating agencies especially for sovereign states is very very lowi'm not sure the right debate is on the "credibility" of rating agencies. are they great professionals? what are there rating methodologies? we don't mind.the fact is that rating agencies "exist", they are part of the market environment. and the truth is that their ratings or not impact prices/markets.Exactly. Ratings and rating agencies exist. Whether you believe in them or not, that's another story. They certainly affect markets as well as overall global economics.