Stove Posted March 13, 2009 Share Posted March 13, 2009 Woodstove - excellent name if I do say so. I don't see why the US Gov shouldn't have a AAA rating, as long as it can create the means to pay back its debts out of thin air. Can I borrow someone's wheelbarrow to carry all of my dollars? Link to comment Share on other sites More sharing options...
bookie71 Posted March 13, 2009 Share Posted March 13, 2009 If Berkshire is downgraded, what is the "true" rating for the USA and all the debt we (and our kids, grand kids, and great grand kids) have taken on. When the foreign investors decide that they don't want these debt instruments, we will get the "most unfair" tax of all = inflation. IMHO Link to comment Share on other sites More sharing options...
pohick Posted March 13, 2009 Share Posted March 13, 2009 the last shred of credibility gone. (note GE rallied on the same downgrade by all) i think you could make a lot of money analyzing bonds, and arbitraging the nonsense ratings. (i.e buy BBB that are better than AA) hold for convergence (just don't borrow like LTCM) WEB should be having a field day Link to comment Share on other sites More sharing options...
Hoodlum Posted March 13, 2009 Share Posted March 13, 2009 The markets are comparing BRK to Turkey, Peru and Colombia. Berkshire credit costs trade like Turkey's Link to comment Share on other sites More sharing options...
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