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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (747734)	10/18/2013 2:30:16 AM
From: i-node	Read Replies (2) \| Respond to of 1579702

>> You were correct (or at worst partially correct) about this one when you said that the bricksmanship over the debt was concern. I really don't believe these rating agencies downgrade debt over short-term political arguments regardless of what their news releases say. A downgrade occurs as a result of increased risk, and the argument didn't materially increase risk. What DOES increase risk, however, is continued deficit spending and the overhang of long-term commitments that make the ability to collect the debt questionable. Personally, I cannot imagine why rating agencies haven't bashed the US debt hard, other than the fact that intermediate-term global finance implications could be substantial.