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

To: TobagoJack who wrote (63354)	5/5/2010 1:25:51 PM
From: Haim R. Branisteanu	3 Recommendations Read Replies (1) \| Respond to of 217927

I stand to be corrected - Total US Federal debt is around $23 to $24 trillion; about $13 trillion and fast growing - regular federal debt GSA debt which is now US Federal debt around 7 trillion All US State and Municipality debt including "Build America" 3.5 trillion Mortgages held by the FED 1.5 trillion Add all these numbers and outright US debt backed by US taxes is around $24 to $25 trillion US GDP is around 14 trillion US Debt to GDP ratio 170% to 175% higher than Greece, or Italy and for sure than the rest of EU countries Only Japan has a higher Debt to GDP ratio TO me it is obvious why the PIIGS are in focus and not the US

To: TobagoJack who wrote (63354)	5/5/2010 5:15:36 PM
From: Haim R. Branisteanu	1 Recommendation Read Replies (1) \| Respond to of 217927

Rating agencies not very useful: PIMCO's Gross (Reuters) - The big rating agencies are no longer very useful to investment companies such as the world's biggest bond fund manager PIMCO, which can be nimbler in anticipating shifts in the credit quality of debt, the company said on Wednesday. Analysts have blamed rating companies, such as Standard & Poor's, Moody's Investors Service and Fitch Ratings for contributing to the financial crisis by assigning top ratings to securities linked to mortgages. The credit rating agencies "no longer serve a valid purpose for investment companies free of regulatory mandates," wrote Pacific Investment Management Co.'s managing director Bill Gross in a May Investment Outlook on the company's Web site. "Their warnings were more than tardy when it came to the Enrons and the Worldcoms of ten years past, and most recently their blind faith in sovereign solvency has led to egregious excess in Greece and their southern neighbors," Gross wrote. reuters.com