"We're On Road to Recovery" Not

[Annie]

U.K., U.S. Top Aaa Ratings Tested by Debt Burdens, Moody?s Says - Bloomberg.com

U.K., U.S. Top Aaa Ratings Tested by Debt Burdens, Moody’s Says
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By Matthew Brown

Dec. 8 (Bloomberg) -- Moody’s Investors Service said the top debt ratings on the U.S. and the U.K. may “test the Aaa boundaries” because public finances are worsening in the wake of the global financial crisis.

“The deterioration has been pretty severe,” said Pierre Cailleteau, managing director of sovereign risk at Moody’s, in a Bloomberg Television interview in London. “We expect a pretty strong policy response in the next couple of years in order to keep the debt in the Aaa range. We expect them to bend but not to break.”

The U.S. and U.K. have “resilient” Aaa ratings, as opposed to the “resistant” top ratings of Canada, Germany and France, Moody’s analysts led by Cailleteau said in a report today. None of the top-rated countries is “vulnerable,” or have public finances that are “stretched beyond the point of ‘no return’ to the Aaa category,” New York-based Moody’s said.

The U.S.’s debt burden will climb to 97.5 percent of gross domestic product next year from 87.4 percent, the Organization for Economic Cooperation and Development forecast in June. National debt in the U.S. climbed to $7.17 trillion in November. The U.K.’s public debt will swell to 89.3 percent of the economy in 2010 from 75.3 percent this year, according to the OECD.

“There has been a huge increase in debt-to-gross-domestic- product ratios as a result of the crisis,” said David Keeble, head of fixed-income strategy in London at Calyon, the investment-banking unit of Credit Agricole SA. “It’s right that there should be a lot of attention and pressure on these numbers.”...

 

[Xenophon]

Don't worry, Barry is on it, he wants another stimulous and a 3.5 trillion dollar budget.

BTW, he can't blame this one on Bush.

 

[uscitizen]

Are we there yet?
Are we there yet?
Are we there yet?

 

[editec]

Now they decide to rate bonds properly?

NOW?!

Fuck Moody's

We wouldn't BE in this mess if they'd rated bonds properly in the first place.

 

[uscitizen]

Now they decide to rate bonds properly?

NOW?!

Fuck Moody's

We wouldn't BE in this mess if they'd rated bonds properly in the first place.

Moodys and the other rating agency should both be dismantled for the role they played in the crash.

 

[Douger]

I'll let this guy say it..

[ame=http://www.youtube.com/watch?v=JhaEc_4zuFI]YouTube - Celente: Revolution next for U.S.[/ame]

 

[Lonestar_logic]

I'll let this guy say it..

YouTube - Celente: Revolution next for U.S.

Why? Because you incapable of thinking for yourself? Typical liberal idiot!

 

[Annie]

Now they decide to rate bonds properly?

NOW?!

Fuc* Moody's

We wouldn't BE in this mess if they'd rated bonds properly in the first place.

So you think they shouldn't rate properly?

 

[uscitizen]

Now they decide to rate bonds properly?

NOW?!

Fuc* Moody's

We wouldn't BE in this mess if they'd rated bonds properly in the first place.

So you think they shouldn't rate properly?

Well they could have started rating properly about 10 years ago.
That is THE point I have with the ratings agencies.

 

[PatekPhilippe]

and yet we see continued borrowing and even more spending as this Congress just doesn't get it. Stand by for a major shift in the Congress in November.

Some one has got to get this runaway spending under control. If it means lowering our credit rating to AA or A...fuck it....someone has got to put a stop to the borrowing, that's the only way we will control spending. Obama, Pelosi and Reid promised fiscal responsibility but have delivered 4 trillion dollars of new debt. Time to take away their credit cards.

 

[uscitizen]

A shift in the parties perhaps in congress, not in what they do though.

btw I thought Brown was going to fix all of that?

He has not done that yet?

What a failure.

 

[PatekPhilippe]

A shift in the parties perhaps in congress, not in what they do though.

btw I thought Brown was going to fix all of that?

He has not done that yet?

What a failure.

by shift I should have said out with the old gas bags and in with new blood.....and Brown hasn't been seated yet.

 

[Old Rocks]

Well, at least now we are seeing the spending. When the Bush Conservatives were in control, they hid the spending on the wars.

Had the economy not been devastated by the actions in the last admins of the Conservatives with their de-regulation idiocy, we would not be oweing the Chinese our shirts.

Thank you, Bush and Conservatives, we know damned well what your incompetant governance has created.

 

[uscitizen]

A shift in the parties perhaps in congress, not in what they do though.

btw I thought Brown was going to fix all of that?

He has not done that yet?

What a failure.

by shift I should have said out with the old gas bags and in with new blood.....and Brown hasn't been seated yet.

Just becuase he has not been seated is no excuse. He is responsible for everything Teddy did.
He better get busy fixin things.

 

[PatekPhilippe]

Well, at least now we are seeing the spending. When the Bush Conservatives were in control, they hid the spending on the wars.

Had the economy not been devastated by the actions in the last admins of the Conservatives with their de-regulation idiocy, we would not be oweing the Chinese our shirts.

Thank you, Bush and Conservatives, we know damned well what your incompetant governance has created.

Got anything else to add Keith Olberman?