Discussion in 'Economics' started by jackpearson, Aug 6, 2011.
Seems like no.
I have been googling on the downgrade today. I learned from somewhere that nothing, state/local gov, private company, can be AAA if U.S. is not AAA.
should the question be asked the other way round?
even the most in debt country in the world with a rating AAA, who else can't have AAA rating?
The truth is, if USA isn't AAA. Then no one is AAA...
The truth is USA hasn't really been AAA for a long time but made it look like it was cos of plastic surgery like them 35 year old NY hags.
Following countries are still rated AAA by S&P
Isle of Man
USA is almost not solvent anymore... USA is leaving way above what it can afford.. It is time people understand that.
14 500 000 000 000 $.. isn't it enough? guess not for the USA.. why would the world blindly trust them anymore? No one is to big to fail.. History proved it so many times already.
can we get back to my original question for the thread?
does anyone know?
If that is true then won't there be a lot of retirement funds, etc who will be forced to liquidate their bonds?
I don't know. But financial conditions and fiscal responsibility vary a lot from state to state. California should probably be rated like a third-world country.