Correct because the US will NEVER default on its debt. It will run the printing presses until the bitter end to pay the interest on all of its outstanding bonds. The only default will be a quazi one via inflation.
Tend to agree with that statement. We'll have 25% annual inflation rates, and civil war, but somehow our AAA rating will stay in tact. When the game is rigged, it's tough to bet against the house.
not likely in the near term, but if ppl start refusing to buy us debt unless it's denominated in a ccy other than $ then there could be trouble
The market 'downgraded' the debt of some euro pigs before the rating agencies, thats what I mean, if people thought US were a banana republic they might not wait for the rating agencies