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post #71 of (permalink) Old 08-04-2011, 12:55 PM
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Originally Posted by cifex View Post
There are only 3 that matter and none of them have downgraded US debt. China is a junkie for US debt and that isn't changing soon so there will be no downgrade.

Exactly....nothing has changed.

Their interest isn't nefarious, they are interested in manipulating their currency in the manner that most benefits them....same as us.
It's nefarious when your short-term intentions engender a bad overall investment strategy. What is changing about long term US monetary and fiscal policy that would have you believe US Treasuries, when matured, won't be paid back in severely devalued dollars?

Foreign players in the bond market will have to continue to consume bonds at a rate to facilitate our debt needs or the bond market will unwind itself very violently. That doesn't bode well for me, as an investor, considering that the social programs in the United States aren't doing much of anything to make the it more productive.
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