USA May Lose AAA Rating

[tsptalk]

The S&P is up 10 of last 12 days, and...

U.S., U.K. Move Closer to Losing AAA Rating, Moody’s Says (http://www.bloomberg.com/apps/news?pid=20601068&sid=a0a8xAghPS8I)

Does anyone else find this strangely interesting?

"March 15 (Bloomberg) -- The U.S. and the U.K. have moved “substantially” closer to losing their AAA credit ratings as the cost of servicing their debt (http://www.tsptalk.com/apps/quote?ticker=USGG10YR%3AIND) rose, according to Moody’s Investors Service."

More (http://www.bloomberg.com/apps/news?pid=20601068&sid=a0a8xAghPS8I)

[Silverbird]

In the fine tradition of the press trying to figure it out, BBC says on the Moody's report...the opposite:
The credit ratings of major AAA governments, including the US and the UK, are well positioned, says Moody's Investors Services.
http://news.bbc.co.uk/2/hi/business/8567682.stm:rolleyes:

[Warrenlm]

They need to stick to rating corporate instruments and fixing their methods that produced egregious errors and omissions on complex financial instruments and showed their uselessness. The USA will not default in the lifetime of anyone reading that article now. For all our debate and hysteria on political matters, there is no more stable and trustworthy nation at this time. How long did it take for Rome to crumble once they started?

[Warrenlm]

http://en.wikipedia.org/wiki/Decline_of_the_Roman_Empire
320 years ...c 150 AD to 476 AD. Or CE.

[Show-me]

I find the whole market run up strange and I cashed out my savings bonds. I would not loan money to the USA unless I had a third party lined up to sell them to like Freddie or Fannie.