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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (63315)	6/10/2006 7:34:33 PM
From: skinowski	Read Replies (1) \| Respond to of 110194

riskless"-ness is an assessment / fact subject to continual reassessment. LOL! I think this about describes it. In 2020 something other than US Treasuries could be the "riskless" benchmark for investing. Whatever it is, I think it must be something which would be easily "manipulable" in an electronic form. Maybe it will be NEW US Treasuries... ;)

To: shades who wrote (63315)	6/12/2006 2:29:49 AM
From: mishedlo	Read Replies (1) \| Respond to of 110194

Yes it is a crock of shit and the crock is that the rating agency (who is it?) is threatening to do something four years from now (as opposed to now) unless things improve. This proves of course what wimps they are. If there are problems that debt should be downgraded NOW not 4 years from now - AFTER they have gotten so bad that subsequent actions to correct the problem should in fact lead to an upgrade not a downgrade. In short, these morons are so far behind the curve (on purpose?) that often such downgrade are less than useless. Mostly thought the article is hot air - the US is not going to default. So not only is the article silly the rating agency is pathetic since if there is a risk, why wait 4 years? Mish