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U.S., U.K. Move Closer to Losing Rating, Moody’s Says
- arethuza 17y agoSo this would be the same organization that gave AAA ratings to all of those CDOs a few years back?
- j_baker 17y agoI wouldn't worry too much about this of considering buying US or UK debt. If they default, those bonds will be the least of your economic problems.
- stcredzero 17y agowhat are you saying? To plan for US/UK ratings loss, "diversify into firearms and canned goods?"
- fnid2 17y agoMy vision of the future is a lot more like the past than it is a scifi novel. Hoovervilles are already popping up in some parts of the country. Will we also return to vigilante justice? Hungry people aren't rational.
- stcredzero 17y agoOverstuffed Americans have enough trouble with rationality as it is.
- j_baker 17y agoNotice I said "if the US or UK defaults" not "if the US's or UK's rating goes down". Rating loss isn't really isn't relevant to you if you already own a bond. However, defaulting is. And yes, if you do want to prepare for US/UK default, the best thing you could do is "diversify into firearms and canned goods".