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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (62229)	3/26/2010 10:05:00 AM
From: elmatador	Read Replies (1) \| Respond to of 218673

asked if the U.S. could be downgraded from its AAA rating if the country was to become too overextended. "I tended to look at ratings that they are about default risk," he said. "Fiat currencies are not going to default on their debt. Now, could you get inflation? Yes, but the AAA is not a benchmark of whether you are going to have price stability, it is a benchmark of whether you are going to default or not." He added, "So the notion that the ratings agencies would downgrade America when our debt is denominated in our own currency befuddles me, as an analytical concept." imarketnews.com