25 Aug 11
http://www.reuters.com/article/2011/08/01/us-russia-putin-usa-idUSTRE77052R20110801
Earlier this month Russian Prime Minister Vladimir Putin accused the US of living beyond its means "like a parasite" on the global economy and said dollar dominance was a threat to the financial markets.
Discuss.
25 Aug 11
Originally posted by WoodPushHmm, maybe I'm wrong - as I look deeper it seems like it's really not that bad at 9% of GDP currently. I guess this is S&P's forward looking take.. but we know they always get things right... (!?)
Russia, as I understand it, has worse debt problems than the U.S. So it seems like a strange source to be listening to for fiscal advice.
http://www.bloomberg.com/news/2011-02-11/russian-debt-may-reach-585-of-gdp-on-demographic-woes-s-p-says.html
25 Aug 11
Originally posted by WoodPushBut the world financial system is basically built around the US fiscal future. So basically the actions of the US will have a global effect whether we like it or not.
Russia, as I understand it, has worse debt problems than the U.S. So it seems like a strange source to be listening to for fiscal advice.
http://www.bloomberg.com/news/2011-02-11/russian-debt-may-reach-585-of-gdp-on-demographic-woes-s-p-says.html
25 Aug 11
Originally posted by WoodPushI suspect S&P is trying to punish the USA for not bowing down to the rich enough.
Hmm, maybe I'm wrong - as I look deeper it seems like it's really not that bad at 9% of GDP currently. I guess this is S&P's forward looking take.. but we know they always get things right... (!?)
25 Aug 11
2 edits
Originally posted by whodeyThe S&P said flat out that it was infighting about raising the debt limit that spawned their decision to contemplate a downgrade. Had the Republicans not held a gun to the country's head, there would be no downgrade.
Don't be a fool. The S&P are merely tools of the Tea Party and Vladimir Putin. Get a grip man!!
US Treasury bonds are still much, much safer than 99.9% of private companies who enjoy a AAA S&P rating.
But hey, you got the downgrade you wanted. And YES, despite what you say I absolutely 100% believe that's what you wanted to happen.
25 Aug 11
Originally posted by whodeyI would have thought Putin would simply deal with a parasite by kicking it to death.
http://www.reuters.com/article/2011/08/01/us-russia-putin-usa-idUSTRE77052R20110801
Earlier this month Russian Prime Minister Vladimir Putin accused the US of living beyond its means "like a parasite" on the global economy and said dollar dominance was a threat to the financial markets.
Discuss.
If there's one man! who could match Chuck Norris ...